Thursday’s bland rally came up 5 points shy of the 2094.25 target we’ve been using. Like most rallies these days, it was over before the regular session began. Nor was it easily tradable by night owls using Rick’s proprietary ‘mechanical’ entry technique, since there were no pullbacks overnight that met our simple criteria. You can try again Thursday night, since the target itself is still valid. You could also try shorting there with a stop-loss as tight as 1.00 point, but I am recommending this only to those who have caught a piece of the rally to 2094.25. Keep in mind as you monitor the stop that an easy push past 2094.25 would put a 2126.25 target in play that was noted here earlier. To get long ‘mechanically’ for a ride to that number, use the midpoint Hidden Pivot at 2062.25 shown in the chart. A 2041.25 stop-loss would apply, but you could reduce the theoretical entry risk by as much as 95% by using ‘camouflage’. _______ UPDATE (1:51 p.m. ET): After topping at 2094.50, a single tick above my target, the futures have fallen 10 points. Hope you were able to make hay with this!
