ESH24 – March E-Mini S&Ps (Last:4916.25)

I won’t queer the voodoo magic of a major rally target I mentioned here last week by repeating it in boldface, but the number is 4950.00, a Hidden Pivot resistance, and I was itching to get short there. The actual high, a new all-time record, was 4935.00 — close enough to the target that Mr. Market could conceivably be working behind the scenes to deny us a shot at a potentially big winner. However, Friday’s close was above the midpoint of the day’s range, and there’s still a high-probability target outstanding in Microsoft, so we’ll assume our opportunity to pile on is intact.