ESM14 – June E-Mini S&P (Last:1892.00)

Yesterday’s whack-o price action was marginally tradable, although not via a plan one could have formulated the night before. Check the chat room discussion around 11:56 and you’ll see how we did it, leveraging the 1877.75 target of a minor correction. This wasn’t exactly a buy-and-hold opportunity, just an attempt to horn in on gratuitous price action driven mainly by not-so-bright machines. I have nothing more to say about the futures at the moment, other than there are higher targets outstanding. Stay close to the chat room, though, if you’re interested in more-timely advice. As long as this gas-bag as moving, we may as well try to exploit it. _______ UPDATE (9:23 a.m. EDT): Onward and upward. This morning’s pre-opening bubble-up points to a minor but nonetheless tradable top 1895.50, subject to a midpoint impediment at 1892.00.