The futures are within easy distance of a clear and obvious target at 2708.50 noted here previously. The nutty dive before the opening did not affect my outlook, although it did generate an alternative target at 2737.75 that should be used if the lower number is exceeded intraday by more than 2.50 points or the futures close above it for two consecutive days. The chart shows the higher target. It also implies that a ‘mechanical’ bid at the green line (2654.69) could be used to get long, stop 2627.00. Since the initial risk would be more than $1300 per contract, I’d recommend using the mechanical signal to set up a ‘camouflage’ entry on the lesser charts. Stay close to the chat room if you seek guidance on this in real time.
