I identified the 2211.00 rally target shown during this morning’s impromptu tech-analysis session and it still looks compelling — which is to say, looks short-able. However, the 27-point rally it would take to get there is going to look pretty scary to anyone eager to lay ’em out. That’s why I would strongly suggest taking the bull trade for the presumptive ride north first, since any profits earned thereof would serve to cushion a wider-than-usual stop-loss for the short. Meanwhile, any of the three labeled lows could set up either a ‘counterintuitive’ entry or a camouflage one, but the futures would also be signaling a ‘mechanical’ buy, stop 2165.25, on a pullback to the green line. You could reduce the theoretical entry risk by as much as 90% by using the mechanical signal to create a ‘camo’ set-up.
