ESM13 – June E-Mini S&P (Last:1582.00)

We attempted without success to short a longstanding rally target at 1494.25 last Thursday, when the target was approached within 1.25 points. A 90-minute ‘impromptu’ trading session online produced no opportunities that looked enticing.  Even in retrospect, we can see in the accompanying chart that the ‘duel’ between bulls and bears makes shorting a difficult proposition at the moment. Nevertheless, short-term action slightly favors bears, and that’s why I’m suggesting that you look for your ‘camo’ entry signal on a downtrending impulse leg similar to the one drawn.  Please report any fills in the chat room, since I will establish tracking guidance if at least two traders get aboard and survive to the point p of the entry pattern.