My obsession with keeping losses down to literal small change would have stopped subscribers out of a beautiful trade Tuesday night. With the futures hovering near 1124.00, I’d recommended bottom-fishing with an 1121.70 bid, stop 1121.40. The stop-loss proved too tight, however, when the futures launched into a $13 rally from 1121.10 that could have racked up a gain of nearly $1300 per contract for anyone who’d gotten aboard.  Might I encourage those of you who trade less timidly than I to do so when you think it’s warranted?  By now, many of you will have developed a feel for when these targets are likely to work most precisely. This one worked precisely enough that it should have produced an easy winner for all who attempted it.

Looking ahead, although the futures surpassed the 1133.25 midpoint pivot shown by just a few ticks, the overshoot looks sufficient for us to infer that more upside awaits to p2=1139.70, or 1146.00 if any higher. Keep in mind that both of these targets lie within a larger bullish pattern that projects to 1184.00.