Friday’s short squeeze to new record highs missed the 2455.50 target shown by 10 points, but the futures are still on course to hit it. In fact, they became a theoretical ‘mechanical’ buy, stop 2409.50, when they pulled back to the pink line, a ‘secondary’ Hidden Pivot. The trade opportunity is past, but the ‘buy’ signal is still in effect and can be interpolated via a ‘camouflage’ entry if you know how to set one up. I’d suggesting using an ABC pattern on the three-minute chart to do so. As of Friday, however, an ‘entry’ signal had yet to trigger. The nearest ‘external’ peak that could be used for this purpose lies at 2433.00 (6/9 at 2:24 p.m).________ UPDATE (Jun 12, 11:23 p.m): Back away for now, since monitoring tedium like Monday’s could put one in a death-like trance. There is no change in my immediate outlook.
