The futures spent nearly six hours yesterday spasming their way to the modest 1860.75 rally target shown. As it happened, the move was tradable using the pattern I’d disseminated Monday night, although the wacky swings generated a point C low that put the trade in the ‘counterintuitive’ category rather than in the ‘camouflage’ category I’d originally intended. The futures ended the day on a bullish note, with an impulsive point B high at 1863.75. Because price action was so flaky, however, I’ll suggest sorting out entry opportunities in real time rather than according to my best crystal-ball guess. Up or down is a coin-toss at the moment, although I expect the Big Moves to be down and the rallies to be sucker bait for the foreseeable future.
