Wednesday’s dreadful performance produced only a couple of rally attempts, both of them feeble, but I wouldn’t expect much from this vehicle until it hits the 1772.50 target shown. Night owls should look to get short via camouflage, using oscillations around the midpoint pivot as your focus. Bottom-fishing at the target will probably be easier, if that’s what you prefer, and you can do so via a 1772.50 bid, stop 1771.75, for a single contract. _______ UPDATE: The low was 1771.75, but at least one chat-roomer managed to hang on with a stop-loss at 1771.50. While it is natural to assume that DaBoyz ‘run stops’ above and below key supports and resistances, it is another matter when they hit stops slightly above or below Hidden Pivots, since since we are the only ones who know about these swing points. My judgment is that institutional traders are tuned to my numbers and perhaps even present in the chat room. Henceforth, I will try to be more guarded in presenting them.
