The E-mini S&Ps topped this morning 1.00 point above the 5698.00 target I drum-rolled here yesterday afternoon.
The subsequent 36-point drop could have been worth as much as $1800 per contract to anyone who got short at the top. There are two more possible trades in the pattern: a ‘mechanical’ short from 5689.00, stop 5699.25; and a bottom-fishing bid at 5658.50 if the short works. I suggest paper-trading this one if you are unfamiliar with Hidden Pivot tactics designed to flatten entry risk, or if you don’t have a method of your own to accomplish this.
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