With stocks falling hard, this vehicle has moved very predictably and precisely to Hidden Pivot targets broached here in the past week. On Friday, for one, a bull-trap rally an hour before the opening topped to-the-exact-tick at a Hidden Pivot resistance I’d billboarded with this post in the chat room: “ESH has just popped psychotically through p=1951.38, [making] D=1964.75 a certainty.”  Ten minutes later, the futures in fact made their intraday high at 1964.75. Anyone who got short there could have reaped a windfall, since the futures fell for the rest of the day, hitting a low at 1910.00 that would have been worth as much as $2650 per contract. That low lay just a single point from the bearish target at 1911.00 that I’d disseminated the night before as a minimum downside target.

Now, my gut feeling is that this Hidden Pivot support will fail on Monday, sending the futures down to an 1888.44 target that I sent out at the same time. “Mechanical’ shorts from 1911.00 are advised, but only if you understand the simple rules that govern this type of trade. Stay tuned to the chat room for guidance in real time. if you’d like to learn more.  Please note that if 1888.44 gives way easily, the futures are likely to continue falling until 1817.00 is reached. At that price — a screaming buy, as far as I’m concerned —  the futures will have shed 13.5% of their value since topping in early November at 2102.75.