The E-Mini S&Ps haven’t gotten as close to the 3767.25 major rally target shown in the chart as some other indices have to their respective targets, but the shortfall could vanish in a trice if TSLA goes nuts as it sometimes does. Regardless, there is no rule that says a bull market must end at a D Hidden Pivot, and that’s why we should be alert to a possible reversal in this vehicle even if the fat lady hasn’t sung. We hold no official position, since it is too nerve-wracking to try to pick a top using index futures and a tight stop. If there is an appetite in the chat room for shorting this vehicle, please give me shout, since I may be able to provide timely guidance. _______ UPDATE (Dec 29, 7:37 p.m. EST): Post-Christmas binging has pushed the futures to within an inch of the 3767.25 rally target that is still viable. I’ll suggest spectating unless you have the technical chops to short an rABC pattern on the 15-minute chart.
ESH21 – March E-Mini S&Ps (Last:3719.50)