It’s not exactly a sign of robust health that the futures collapsed yesterday without having exceeded last Thursday’s 1867.75 peak. Bulls missed that benchmark by two ticks, and although that might not seem like much, it’s enough to suggest that there is not sufficient buying power, including short-covering, to push this hoax to new record highs any time soon. My inclination, at least for the moment, is to treat any rally as a shorting opportunity. Stay tuned to the chat room for precise levels based on Hidden Pivot targets.
