The Dow was up around 250 points when this session began, and because the broad averages seemed reluctant to correct, we looked for opportunities to get aboard a presumptive second leg up. Mostly, this entailed hunkering down on the very lesser charts of the E-Mini S&P. After one false start, we found a promising entry point with just a few ticks of initial risk. The rationalizations here are very finely nuanced and required as much psychologizing as paying attention to the mechanical details of tradable patterns.
