Both the E-Mini S&Ps and the E-Mini Nasdaq bounced Friday from lows that lay within a fraction of a point of Hidden Pivot correction targets for each. (See charts accompanying their respective touts today for a graphic picture.) The very precise reversals imply that bulls will have the wind at their backs when index futures begin to trade Sunday evening. The fledgling rallies were poorly developed and tentative as of Friday’s close, but if there’s no backsliding before the opening bell on Monday, traders should position from the long side. I’ve sketched out a hypothetical entry scenario in the E-Mini S&Ps for anyone interested.
