The futures have been trending higher for the last two weeks, but the ascent has been balky and frustrating. One way to alleviate the annoyance of this is to initiate positions that are likely to get off to a good start. Based on the chart pattern shown (see inset), the best opportunity to do so may entail using a ‘counterintuitive’ entry. This is a tactic I’ve been recommending with increasing frequency to recent graduates of the Hidden Pivot course, mainly because it is simple and relatively painless, but also because it has yielded generally excellent results. I’ve sketched such a trade hypothetically, but the idea behind it is to use a ‘conventional’ entry trigger in ABC-type patterns where there is not much vertical distance between points ‘C’ and ‘A’. The reasons why this trade works so well are covered in my course, but the rules one uses to set it up can be gleaned from the accompanying chart as well as from timely discussions in the chat room. _______ UPDATE (April 13, 9:39 p.m. ET): Today’s fright-mask sell-off, compounded by a so-far $16 decline this evening, has wiped out two of the three ‘counterintuitive’ opportunities we might have had to get long. However, the most appealing of them remains in the form of last Wednesday’s 1217.20 low. We’ll use it as a point ‘A’ if a serviceable buying set-up should evolve.
