ESM14 – June E-Mini S&P (Last:1949.50)

I’m tracking two contracts short from 1954.25 with a cost basis that has effectively been raised by partial profit-taking to 1957.00.  A 1951.00 stop-loss suggested in the chat room would have triggered an exit after-hours, as shown in the chart.  I won’t presume to know at this time what subscribers actually did, but if you retained the position, please let me know and I will continue to provide tracking guidance.  For what it’s worth, the A-B rally leg that triggered the stop could yield an attractive opportunity to get long via ‘camouflage’. This would be ‘expert play,’ however, because of the futures’ coy — if not to say flaky — behavior.  There is one more important rally target not far above where we can attempt to re-short this vehicle. Once again, I will refrain from publishing it, but its precise location will be common knowledge in the chat room.  Because it is a long-term target that has taken quite a while to reach, a stop-loss wider than our usual micro-tight, penny-ante stop is warranted.