The ‘mechanical’ trade that triggered on Tuesday’s dip just beneath 2687 has generated a paper profit of about $2000 per contract while also allowing a partial exit at the 2728 ‘midpoint pivot’ shown. I haven’t established a tracking position because subscribers seem to have used varying different tactics to leverage my initial guidance. It went out Monday night as a recommendation to buy the March contract if it plummeted to 2687. As it happens, this number came within six points of catching the low of the recent selloff. In theory, merely for having generated a ‘mechanical’ buy, the E-Minis are an odds-on bet to reach the 2809.75 target of the pattern in the chart. Odds will further improve if buyers can push the futures above 2743.25 on Thursday. That is the Hidden Pivot target of a lesser pattern (A=2672.50 on Jan 5), and it can be used for now as a minimum upside objective. As always, an easy move through a p or D Hidden Pivot resistance implies the trend is likely to continue. _______ UPDATE (March 8, 6:26 p.m. EST): Today’s weak rally fell just shy of the 2743.25 bullish threshold noted above. Let’s see if DaBoyz can hit it before the week ends.
