A ‘mechanical’ buy identified during yesterday’s tutorial session worked beautifully, since the position was never more than three ticks in-the-red. However, I am not establishing a tracking position because the only related trade reported in the chat room was from a subscriber who used the same pattern to get long in the E-Mini Nasdaq. Be that as it may, although the rally was bullishly impulsive on the hourly chart, it was not strongly so, since it would not have required much additional effort on the part of buyers to surpass a couple more ‘external’ peaks. The rally projects to 2138.00 nonetheless — a good bet, I should think, because of the ease with which bulls blew past the midpoint pivot. This is also yet another coincident target, along with two other Hidden Pivots of larger degree. Shorts are advised, and I am suggesting a ‘camouflage’ entry, since I’ve drum-rolled the target and it is not exactly unadvertised. If you want to try it the easy way, a 2140.25 stop-loss for a single-contract short at 2138.50 is suggested.
