The futures have opened weak Sunday night, but it feels like DaBoyz are maneuvering stocks lower in order to buy ’em. We should join them if the June contract falls to the green line (2696), since that would trigger an appealing ‘mechanical’ buy signal. The trade is recommended only to those who know how to reduce the theoretical entry risk, which amounts to about $3800 per contract on a 2620 stop-loss, to $400 or less. This can be done with a ‘camouflage’ set-up or an rABC pattern. If the opportunity gels during the regular session, tune to the Trading Room for potential real-time guidance. ______ UPDATE (Apr 13, 10:25 p.m. EDT): The futures dipped no lower than 2711.00, stranding our niggardly bid. The 2921.75 target shown in the chart remains viable as a minimum upside objective for the near term.
ESM20 – June E-Mini S&Ps (Last:2787.00)