The futures have opened bullishly Sunday night on the kind of manipulated weakness that is intended to probe for a bottom. At what price will sellers be exhausted so that the usual cabal of rascals and thieves can run run stocks back up bears’ ol’ wazoo? With the E-Minis currently down nearly eight points, it would appear that the discovery process is still in progress. However, if it stokes fears and attracts more sellers as the night progresses, look for the weakness to hit 2276.25, a Hidden Pivot support shown in the inset. This pattern can also be used by night owls to initiate shorts ‘mechanically’. The trade is recommended only to those who are familiar with the tactic, but I’d encourage Pivoteers to share their trading insights in the chat room overnight. _______ UPDATE (Jan 30, 9:38 a.m.): I put out a 2277.00 target (see new chart) just seconds before the futures plunged to it. Check chat room for trading notes.
