ESH13 – March E-Mini S&P (Last:1515.50)

The dirtballs who work the night shift on Sundays tend almost without fail to fade small sell-offs and rallies. With the futures down about 5 points late Sunday night, the implication is that DaBoyz are depleting sellers in preparation for a short-squeeze opening on the usual vaporous volume Monday morning. This makes any rally in the first hour or so a short, but you should do so only via camouflage.  I don’t have a good midpoint resistance to help in this task, since Thursday’s peak failed to impulse above Monday’s on the hourly chart. However, a subjective rationale for getting short such as the one noted above should be good enough for government work. _______ UPDATE (10:46 a.m. EST):  The futures did in fact hit their so-far intraday high 25 minutes into the session, and it fell exactly one tick from the 1516.75 target of (1-min) A=1511.50; B=1515.00; C=1513.25. However, unless you shorted the target itself with a microtight stop-loss, there was no way in via camouflage. If you’re curious about ‘camouflage’ trading and Hidden Pivot Analysis, click here for a free seven-day trial to Rick’s Picks. It will allow you to go anywhere on the site, including the 24/7 chat room, and to receive intraday e-mail bulletins that contain real-time trading ideas.