ESZ13 – December E-Mini S&P (Last:1666.25)

The futures took a 13-point bounce yesterday precisely from the 1666.50 correction target I’d disseminated the night before, providing an easy opportunity for profit. Traders who caught the move and who are game to try again should plan to do their buying at the 1657.25 Hidden Pivot shown.  A two-tick stop-loss is all you should allow, with partial profit-taking on multilot positions if 1660.00 is reached on the bounce. As always, an easy and decisive breach of so clear a target should be regarded as a warning that still lower prices impend.