My near-term outlook for the E-Mini S&Ps is bearish, even if I didn’t sound that way during Part II of today’s online presentation.
I expect the futures to fall 220 points, from a current 6084. They triggered a ‘mechanical’ short yesterday (Wednesday) when they rallied to 6087. I am not recommending a trade because controlling the 76-point entry risk will be challenging, even for someone who is familiar with Hidden Pivot ‘camouflage’ set-ups. If you want to follow along, though, the stop-loss would be at 6163
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