The futures thrashed around for several hours before diving precisely to a target I’d aired in the chat room around mid-dive. The target was closely coincident with the 2080.50 midpoint support shown, but once the latter number is breached, look for more downside to 2066.25, and thence 2052.00. Both of these Hidden Pivots were mentioned as well, and I expect them to be reached, since this vehicle has looked like hell lately. I’ve sketched three hypothetical ‘mechanical’ trades than can be culled from the pattern, and night owls in particular should check them out. A fourth, shorting a rally up to p2=2066.25 after it has been breached, may also be possible.
