Toward the end of this session we were determined to force a short in the E-Mini S&Ps. The main enticement for this was our strong gut feeling that the stock market’s next major move would be down. The futures were trendless at the time, having failed all morning to reach minor Hidden Pivot targets going in either direction. Watch closely to see how we crafted the trade using a rally target that fell between two Hidden Pivots. Just after the session ended, the trade missed triggering by a single tick, a step behind a 26-point decline. Also included in this recording is a closely reasoned ‘counterintuitive’ trade at the tail end, as well as a cogent explanation of why an impulse leg with a deep correction in the middle of it could be considered uncorrected for trading purposes.
