ESZ19 – December E-Mini S&P (Last:3072.25)

So-far moderate selling in after-hours trading stalled precisely at p=3070.75, but we should look for a move down to at least d=3063.50 if that Hidden Pivot midpoint support gives way. If you want to bottom-fish against the trend, a stop-loss as tight as 3062.75 should suffice. My bias remains bullish due to the 10-point overshoot of a 3075.75 rally target drum-rolled here earlier.  The target was sufficiently clear and compelling that it should have repelled buyers, and precisely so. The fact that it didn’t is evidence that they are still out there, eager to jump aboard but in need of a breather.  Let’s see whether a fall to d=3063.50 provides one. If it gets trashed, that would shift the minor trend to bearish. ______ UPDATE (Nov 6, 11:01 p.m.): The futures rallied 15 points after bottoming at 3063.00, two ticks below the target furnished above. The move was worth as much as $750 contract, but only one subscriber has reported acting on it so far.