Although price action in this vehicle yesterday resembled a headless chicken on LSD, notice how at the end of the day the seemingly erratic behavior was precisely predictable using Hidden Pivot targets. Notice how the intraday low fell just a hair from an easily calculated ‘hidden’ support at 2035.50. In fact, nearly every distinctive high or low in this chart can be similarly traced to an ABC pattern in one time frame or another. I don’t mean to suggest that it’s especially easy to catch profitable reversals all day long by using Hidden Pivot patterns. To get it right, actually, it’s sometimes necessary to think like a headless chicken on hallucinogens. Tough on the nerves, for sure. But I will spare you some angst on Thursday by refraining from predicting where the futures might be headed next. The fact is, on any given day they could be headed just about anywhere. So take the day off — or at least, don’t try to overthink every spasm, feint or swoon that occurs. In such a relaxed state, you might learn a thing or two about how markets misbehave.
