The futures did all we’d asked of them Wednesday, pushing above a prior peak on the daily chart at 1286.20. Somehow, I still don’t trust the rally, so we’ll take a conservative approach to getting long. Specifically, I’ll suggest using a ‘mechanical’ trigger at 1300.60 (i.e., the green line) if and when it is exceeded and then touched on a pullback meeting our simple criteria for this type of trade. I am suggesting a ‘trigger’ here because we can use it to get long via another tactic, ‘camouflage’, which has the potential to lower the $3800-per-contract entry risk to more like $60-$120 theoretical. The trade will take at least 4-6 days to set up properly, so there’s no rush.
