The futures have become so perfectly predictable that a tone change in the days ahead seems all but assured. Thursday’s price action replicated the forecast sent out the night before almost exactly: a marginal new high overnight, followed by weak selling early in the regular session, then a feeble rally into the close. The 2167.00 target shown (see inset) can be bottom-fished with a 2167.25 bid and a stop-loss as tight as three ticks. The trade will likely work best for night owls, especially if the target is reached in the early evening. ______ UPDATE (September 9, 10:07 a.m. EDT): How delightful! The futures are experiencing a rare selloff this morning, having traded as low as 2150.50. Although they crushed the 2167.00 Hidden Pivot support where I’d suggested that you try bottom-fishing, it took them three hours to do so. They rallied to 2169.50, the ‘secondary pivot, over that time, so scalpers could have come away with a small profit before bulls finally gave up the ghost.
