ESU16 – September E-Mini S&P (Last:2176.75)

Buying the pullbacks wasSubscribers who bought the pullback to the green line (i.e., 2159.31) as I’d explicitly advised here Wednesday night could have cashed a $700 winning ticket for an 11-hour hold. Strictly speaking, you’d still be long two contracts from an original four, shooting for the 2181.25 target shown. The stop-loss can be loosened to suit your style, since, presumably, you’re playing with the house’s money at this point. If the futures do NOT break out to end this deadly-dull week, that will make two consecutive weeks of mostly inside-day tedium. As the foregoing suggests, however, even the dullest markets are tradable. I haven’t established a tracking position because no one mentioned the trade in the chat room, but in case you’re interested, the same tactic can be applied if the futures push past the red line tonight, then hover above it for at least a few bars before coming back to it. Your stop-loss would be at 2161.75._______ UPDATE (August 1, 2:18 a.m. EDT): No reports? This trade was pretty straightforward and could have produced a profit of as much as $2500 so far for anyone who followed the simple instructions given above. Because no one mentioned the trade in the chat room, however, I haven’t established a tracking position.  The original target is still valid, but look for double stopping power, since a lesser pattern projects to 2180.00 (30-minute, A=2157.50 on 7/29 at 10:30 a.m. EDT).