The bottom of Friday’s slide came within 1.50 points of the 1805.75 target I’d supplied. A 10-point rally ensued, and although one could have gotten aboard using the larger of the two patterns shown, the subtler one labeled in purple would have nipped you for small change first. The action has since turned characteristically pointless, and, true to its new, robotized, lobotomized personality, ES is not giving away any berries Sunday night by way of attractive ‘camo’ patterns. Rather than suggest that night owls look for camouflage that even I can no longer find in this vehicle, I’d suggest initiating trades ‘old-style’ by going against the trend at D targets of not-too-obvious patterns. One such target is 1789.25, which can be found on the 60-minute chart using the following coordinates: A=1866.50 (4/10 at 10:00 a.m.); B=1823.75 (4/19 at 4:00 p.m.); and C=1832.00 (4/11 at 4:00 a.m.). _______ UPDATE (10:42 a.m. ET): This mirage went no lower than 1803.25 overnight, denying us an opportunity to bottom-fish my target. The rally since is impulsive on the hourly chart, based on these coordinates: a=1811.25 at 7:45; b=1824.75 at 9:45; and c=1818.50 at 10:15.
