Price action centered on the midpoint pivot (p) shown looks sufficiently precise for us to infer that the 1820.25 target will work. That means not only that it can serve as a minimum upside objective for the near term, but that the target can be shorted with a stop-loss as tight as 1.00 point if you are reversing a long position. (Otherwise, you should use ‘camouflage’ to pare the risk down to a theoretical maximum of five ticks per contract.) ________ UPDATE (4:32 p.m.): Zzzzzzzzzzzzzzzz. No change.
