ESM14 – June E-Mini S&P (Last:1842.75)

The futures bottomed yesterday less than a point from an 1833.25 target given here a day earlier. This permitted the timely covering of shorts initiated from near 1850, or possibly from around 1845 if entered just before Thursday’s opening.  Subscribers who were in the chat room ahead of the opening bell could have hitched a ride — worth as much as $550 per contract over the 15-minute life of the trade — since I posted explicit, step-by-step details in real time, from entry to exit.  The  bounce from the low carried 14 points, and although the relapse that followed wiped out all but a single point of that gain, the futures ended the day on a slightly bullish note.  True, the larger trend is bearish and projects to 1819.75, the minor uptrend shown could still reach 1851.00 if buyers can break free of the 1844.00 midpoint pivot that stymied them yesterday. Either of these Hidden Pivots is shortable, but I’d suggest using the ‘camouflage’ technique, since the 1851.00 target that is going out with tonight’s newsletter could draw some front-runners.  Want to check out the details of yesterday’s trade, as given in the chat room?  Get free instant access to Rick’s Picks no credit card necessary by clicking here.