The latest E-Mini tout could have been worth as much as $1200 per contract to anyone who was paying attention and prepared to act. Specifically, with the futures trading around 1898.00 Monday evening, I suggested getting long for a rally to exactly 1913.50. I further recommended getting short at that target, a Hidden Pivot resistance, using an ultratight, three-tick (!) stop-loss at 1914.25. In the actual event, the futures rallied to an intraday peak at precisely 1914.00 yesterday morning, then dove to 1905.00 in the first hour. Here’s the actionable portion of the recommendation exactly as it appeared: ‘Traders should use the 1913.50 target shown as a lodestone on Monday. The opportunity to get long ahead of the move may pass with Sunday night’s session, but you can try shorting there in any case with an initial stop-loss at 1914.25.’

If you think you could have handled those instructions, consider giving Rick’s Picks a try. You can sign up for a free two-week trial – no credit card necessary – by clicking here. Incidentally, the 1913.50 rally target was a month in coming, so I don’t expect it to be a pushover. My guess is that it will take at least 4-6 days for short-covering – the only source of buying power left in this grotesquely overextended bull market — to chew through it. However, if the resistance were to give way in a mere 2-3 days – say, by no later than Friday – bears should dive for cover, since the easy move into record territory would suggest buyers revving up to cripple and maim shorts.