No, you’re not imagining it: The futures hit their intraday high nearly every day on the opening bar, then it’s all downhill from there. Sucker bait. How many times can bulls fall for the same, obvious trap? Till the end of time, probably. If you want to end run this little shell game and feel it necessary to trade from the buy side, try it at the midpoint pivot shown with a very tight stop-loss. The impulse leg looks appealing enough that you can still attempt bottom-fishing in this way if a new point ‘C’ is generated above the current one at 1266.00 (but no higher than 1268.00).
