ESM13 – June E-Mini S&P (Last:1563.50)

Check out the chart to refamiliarize yourself with the 1594.25 target we’ve been using as a minimum upside objective. Given Friday’s nasty swoon, the red-line midpoint at 1562.00, is not exactly a point of consolidation, but yesterday’s spike through it implies nonetheless that our target is still a good bet to be reached, and soon. Camouflageurs should play only from the long side, looking for impulsive patterns that meet our simple criteria on charts of five-minute degree or less. As of around 2:25 a.m. EDT, a minor bullish pattern on the 10-minute pointed to 1574.00 thus: A=1566.00 (4/9 at 11:20 a.m.); B=1569.00  (3:00 p.m.); and C=1561.00 (9:10 p.m.).  X entry at 1564.25 (not a camo x, incidentally, but one of higher degree) is a single tick from being hit, and once this has occurred, you should do your camo-hunting on charts of lesser degree.  Click here for details about the upcoming seminar on ‘Camouflage Trading’, plus a $50 discount.