Friday’s bounce precisely from a secondary Hidden Pivot at 1866.00 has validated the pattern shown, along with its 1847.25 target. A ‘mechanical’ short from p=1884.75, stop 1897.25, is theoretically in range, but I’ll suggest substituting a ‘camouflage’ entry instead, since Sunday nights will always be a little too unpredictable to put a trade on autopilot. A decisive push past 1884.75 would not kill the appeal of getting short, but doing so from X (the green line) would require just as much caution as I am suggesting this evening. Note: At the moment, the 5-minute chart is ‘go’ for a bull trade to d=1883.50, where a=1867.25. Night owls can get long for a short (i.e., 5-point) ride to the target via a mechanical bid at p=1878.63. If you catch a profitable ride north, use it to cushion a wide stop-loss on any attempt to get short. ________ UPDATE (9:23 a.m. EST): Hidden Pivots proved precisely relevant to Sunday night’s price action, the futures having rallied to an overnight high at 1884.50 before tanking 41 points to a so-far low of 1843.75. If you used camouflage to get short as suggested, referencing the 5-minute chart, the first successful entry would have occurred at 1882.75 (2:35 a.m.). Since we’re in a bear market, a second leg down today is hardly inconceivable. If so, use this still-developing pattern on the hourly chart to trade: A=1884.50 (3:00 a.m. EST); B= 1845.25 (5:00 a.m.); and C=1856.91, for p=1837.13 (minimum downside projection; p2=1827.31; or if any lower, D=1817.50).
