Friday’s rally tripped a buy signal at 1233.80, but the implied $1400 of entry risk per contract is more than the usual $40-$60 we typically abide. Camouflageurs should trade with a bullish bias, drilling down to the three-minute chart or less to find a suitably relaxed entry opportunity. The short-term bullish case would become more compelling if buyers are able to push this vehicle above the 1249.50 red line today or tomorrow. That’s a midpoint Hidden Pivot resistance, and its breach, especially if decisive, would portend more upside over the near term to the 1280.70 target or higher.
