There are enough things to like about the corrective pattern shown that I can recommend bottom-fishing its 1268.70 target using a single contract and a four-tick stop-loss. There is but one drawback arguing for a ‘camouflage’ approach: the existence of a structural low at 1369.00 recorded on 7/12. However, it should pose no problem for the canny camouflageur, who can step up the size to four contracts if a perfect entry set-up forms. Alternatively, bull trades will best be found using impulse legs on the 5-minute chart or less. At the moment, that would require an upthrust touching 1299.80 (5-min, a=1288.80 at 11:10 p.m.)
