ESH15 – March E-Mini S&P (Last:1974.00)

As we’ve come to expect, the futures sank like a brick after the usual bull-trap opening. It’s inconceivable that any buyers other than short-covering bears would be stupid enough to fall for this trap the fifth straight day it has occurred. They constitute enough buying power, however, to set up the obligatory selloff once DaBoyz have distributed shares in the first hour or so. Shortly before midnight Thursday, the carny game pointed to a tradable low at exactly 1956.75, the Hidden Pivot support shown. Your move!