The rally stalled at 2698.00, precisely where we had anticipated, but the shallow pullback that has occurred since suggests the futures are going higher.  Those who went short at the target as I’d advised can manage the risk as they see fit, but I would recommend a stop-loss that would preserve at least a small profit on the trade if it’s hit.  The next leg up can be expected to produce an equally precise stall at the 2710.50 target shown. Get short a single contract with a 2710.25 offer, stop 2712.25, but you can step up the size to four contracts if you’ve made money on the way to the target. _______ UPDATE (Dec 19, 12:18 p.m. EST): After head-butting my 2698.00 target for two days but going no higher, ESH18 has dropped the 9.75 points needed to manage the risk 1:3. Take a partial profit here if you’ve been short. If and when bulls catch their breath, exceeding 2698.00, the 2710.25 target will be in play. A dip below 2674.25 would hint of trouble.
_______ UPDATE (Dec 28, 5:53 p.m.): Zzzzzzzzzzzzzzzz.