Yesterday’s low occurred a single tick beneath a Hidden Pivot support at 1770.50 (see inset) that evidently worked to get a chat-room denizen aboard in timely fashion. A tightly stopped buy at that number would have caught the best trade of the day — the only easy trade, perhaps, given that the futures spent the remainder of the session screwing the pooch after rallying nine points from the bottom. If this is the Santa rally, we shudder to imagine what January’s going to be like.
