ESZ14 – December E-Mini S&P (Last:2036.50)

The futures obviously have our longstanding rally target at 2037.50 on their tiny, evil brain, since they’ve been diddling this Hidden Pivot resistance for nearly a week. The S&Ps could plunge at any moment, of course, tired of the game. But the tedious price action feels more like accumulation to me, and so I’ll stick with the 2055.25 target shown.  It looks too, too pretty not to work — meaning, in theory, that: 1) it WILL be reached (if you’re keen on getting long, don’t be afraid); and 2) it looks very likely to produce a precisely short-able top. Take a free trial subscription that will allow you to access not only the touts, bulletins, updates and impromptu trading webinars during market hours, but a 24/7 chat room that draws veteran traders from around the world.