ESU13 – September E-Mini S&P (Last:1658.00)

Friday’s wild and gratuitous gyrations narrowly failed to exceed the 1664.25 ‘look-to-the-left’ peak shown in the chart, confirming our suspicion that bulls were too cowardly to attempt anything daring that day. What they were unable to achieve honestly during the regular session could be easily accomplished Sunday night, but we’ll wait for it to happen before jumping aboard. Accordingly, ‘camo’ traders should look for an ‘x’ entry signal following any b-c pullback from just above 1664.25.  The opportunity will come very quickly if it’s a good one, so you should be ready to pounce. ______ UPDATE (September 10): The pattern I’d sketched described very precisely the way things actually played out. A buy signal at 1664.75 was triggered Monday shortly after 11 a.m, and if you followed my suggestion you should still be long a single contract with a profit-adjust cost basis of about 1657.00. Please let me know in the chat room and I’ll establish a tracking position for your further guidance.