I’ve led the front page this week with an election week scenario that has the E-Mini S&Ps topping at 6102 on or around Election Day. This Hidden Pivot resistance comes from a composite monthly chart, so don’t expect resistance precisely at that number. However, the overall look of the monthly chart is sufficiently compelling to warrant a yellow flag when the futures get there. The target lies 4% above Friday’s close, 0r 256 points. Coincidentally, a lesser pattern from the daily chart yields an almost a precisely matching Hidden Pivot target at 6102.75. That means double-stopping power, so don’t miss the opportunity to get short there if you trade this vehicle. Don’t hesitate to nudge me in the chat room for timely guidance.
ESZ24 – Dec E-Mini S&Ps (Last:5841.50)
