The 2134.00 rally target flagged here yesterday, which I’d said would be achieved “very precisely,” did in fact catch the exact high tick of the day. It would have allowed subscribers to get long on the way up, for a profit of as much $350 per contract; or to get short at the high just prior to a 12-point dive that would have produced a gain of as much as $590 per contract.  The short triggered at around 3 a.m., when most U.S. traders were sleeping. However, one subscriber reported in the chat room that he’d set up an automatic short at 2134.00 before turning in, and that when he  awoke the next morning to find the position nicely profitable, he covered the short at 2126.00 for an $800 position gain.

Looking immediately ahead, the balky selloff following yesterday’s top produced some minor, bearish impulse legs, one of which could conceivably produce an actionable set-up for night owls.  Specifically, using a stop-loss no wider than three ticks, you could try bottom-fishing at either 2122.00 (p2), or at 2120.75.