Short-covering persisted for a second straight day, but it was too feeble to count as a clear victory for bulls. We’ll stay out of their way for now nonetheless, but that doesn’t mean we can’t try to intercept with short offers in opportune spots. The pattern shown, for example, encourages a try at 1951.00, although p and p2 can also be used to get short if you do so via ‘camouflage’. Essentially, this means waiting for a (very) minor, downtrending abc pattern to trigger you aboard once the actual Hidden Pivot has been touched or closely approached to the upside. Because the rallies are so lacking in vigor, we should look to get short at every possible opportunity. In the chat room, some are doing this instinctually, others by-the-numbers. Tune in during the regular session for interesting ideas in real time. Consider trading from the long side enroute to rally targets, since that will provide a cushion for your stops when you lay out shorts.
