I staked out a long position in the chat room yesterday afternoon with a set of explicit instructions provided in real time.  Although the trade had the potential to produce a $150 profit per contract on a move to the 1946.50 target, I’m recommending that you ditch it now unless you’re keen on staying up all night to monitor it.  Like all ‘camouflage’ trades, the purpose of this one is not to make a big score, but to establish a relatively low-risk, low-stress entry point.  This we did, taking partial profits early on with the goal of holding a small piece of the original position for a potential four-bagger.  If that holds true for this vehicle, you know where it’s going. If you don’t, check out my 11:24 post in the Rick’s Picks Banter Room for a very important target that we’ll want to short aggressively. _______ UPDATE (1:14 p.m.): Based on a report from a subscriber in the chat room, I am reinstating tracking coverage for a big-picture short that was initiated at 1954.25, two ticks off the all-time high.  Assuming two contracts remain from an initial position of four, and that their basis has been lifted to 1960.00 by partial profit-taking so far,  I’ll recommend an impulse leg-based stop-loss (ILBSL) using the 60-minute chart.  At the moment, that would put the stop at 1952.00.  Keep in mind that the rally would need to be uncorrected once above 1947.75.