Usually it’s easy to discover a Hidden Pivot ‘reason’, after the fact, for whatever highs and lows exist on a chart. In this case, however, Monday’s bombed-out low occurred in a place that would seem to make little sense. And that’s why I’m going to take the bounce it generated seriously — i.e., because it has come out of Nowheres-ville, seemingly oblivious to any technical levels that I am aware of. A rally to the green line would generate a very enticing signal to get short ‘mechanically,’ but we’ll deal with that if and when the opportunity arises. For now, if you want to get long with risk very tightly controlled, I’d suggest crafting a ‘camouflage’ entry trigger on the five-minute chart or less. This chart illustrates one such hypothetical possibility. _______ UPDATE (April 2, 5:25 p.m. EDT): A tedious ‘inside day’ has left the analysis and outlook above unchanged.
