This wouldn’t be the first time I’ve missed the turn because stocks failed to hit a Hidden Pivot target of mine exactly. Eager as I was to short the E-Mini S&Ps at 2138.00, it was not to be. The futures have worked their way tortuously lower since achieving 2134.00 three weeks ago. The whole time, I had my fingers crossed, hoping for a rally strong enough to hit my target. Seems that if we’re going to get short ahead of a big break, we may have to do it on an unimpressive rally and a quiet tape.
