The nutty-looking pattern and its 6224.00 rally target picked up credibility with some coy interaction at p and p2. Although we don’t usually do our ‘mechanical’ buying at the red line, in this case it will be warranted if you know how to pare the entry risk with a ‘camouflage’ trigger. The textbook stop-loss would be at 6071.00, but that would risk initial exposure of about $7500 on four contracts — too much for dabbling. If the futures should surprise by plunging to the green line, the ‘mechanical’ buy signaled thereof would be an opportunity too juicy to pass up. ______ UPDATE (Jan 27, 10:10): All bets are off this morning as the investment world contemplates news that China has developed an AI solution much cheaper to train and use than the one in which U.S. tech giants have invested trillions of dollars. ES crushed my Hidden Pivot supports and appears headed down to at least 5906.00, a Hidden Pivot support that should produce tradable turn.
ESH25 – March E-Mini S&Ps (Last:6032.00)
