What a hot, nasty mess! Even so, the futures have moved with precise predictability lately relative to our Hidden Pivot targets. That makes the one at 1775.00 enticing as a place to try tightly-stopped bottom-fishing. I won’t stipulate that you use camouflage for this gambit, since price movement has been so obliging of our methods lately. However, if you’re inclined to work the order, use a 1775.25 bid for a single contract, stop 1774.50. _______ UPDATE (11:23 a.m.): DaBoyz caught a whiff of the latest, phony unemployment data an hour before the opening, sending this vehicle into a short-squeeze spasm that was over minutes after it began. This will leave regular-session traders with little to do but gaze at their navels all day long as the futures consolidate the move, presumably for another short-squeeze to kick off ‘Santa week’ on Monday. We did nothing, since the overnight low got nowhere near the 1775 correction target.
