From a bear’s standpoint yesterday was a total waste — until the final hour, that is. That’s when the futures dipped the last couple of inches that were needed to create a promising impulse leg on the hourly chart.  Notice that two ‘external’ lows were exceeded by the last gasp of the decline (circled in red).  Perhaps as a result we will greet the new day with a song in our hearts, a spring in our step and the earnest hope that the tempo and fervor of the selling picks up?

That said, no camouflageur worth his salt would overlook the potential buying set-up that I’ve highlighted on the right-hand edge of the chart.  Night owls should jump on this one if it plays out the way I’ve sketched it. A ‘timed buy-stop” is suggested for making entry, since this opportunity will come fast if it comes at all.  And wouldn’t you love to find out what the heck I’m talking about?  If you’ve struggled without success to learn how to trade, click here and change your life. ________ UPDATE (10:17 a.m EST):  A ‘camo’ entry signal was tripped at 1498.25 at around 5:30 a.m., which is when trades in this vehicle often happen.  The coordinates, on the 15-minute chart, are A=1493.75 (5:15 a.m.); B=1498.0 (4:30 a.m.) and C=1497.00.  If you took the trade, please let me know in the chat room and I’ll provide tracking guidance.  You should still be long 25% of the original position, with a cost basis of 1492.00.