Boring markets turn out to be very predictable — and tradable, provided one can stay awake for the opportunities. Take the 2212.75 rally target flagged here last night, for one. It not only caught the high of the last 24 hours within 1.00 point, it also set up a short from the top that could have produced a gain of as much as $900 per contract.  Nor was this opportunity merely hypothetical. Posting in the chat room, a subscriber reported actually doing the trade and coming away with a nice gain.  The rally target represented the terminus of a minor uptrend in a market that has been too feeble to pop. Notice that when the futures reversed direction and carved out a pattern of even larger degree, the intraday low came within two ticks of its D target, 2091.00.

European subscribers ought to pay particular attention to my daily tout for this vehicle, since its highs and lows, although often precisely predictable, have occurred almost routinely between 3:00 a.m. and 5:00 a.m. EDT, when most U.S. traders are asleep. But for their counterparts living in Western Europe — or Australia, for that matter — the set-ups have occurred in prime time. _______ UPDATE (10:28 p.m. EDT): You’ll need to drill down to the five-minute chart to come up with a ‘European’ trade for tonight. Use the p, p2 and d of this pattern for a ‘mechanical’ entry: a=2093.00 at 3:50 p.m. Thursday; b=2101.75 at 5:05 p.m. and c=2098.50. If you’re unsure how to use this tactic, seek out a collaborator in the chat room.