Last week’s hard selling brought the futures down to the green line, signaling a moderately appealing ‘mechanical’ buy. The elongated b-c leg sapped some of the bullish energy from this pattern, and so we’ll paper-trade this one to see how much moxie bulls have left. A gratuitous poke beneath c=5559.75 can be used to set up a ‘counterintuitive’ entry trigger of 46.50 points. That’s too wide to be practical, so I’ll suggest executing the trade with a ‘camo’ pattern taken from the 15-minute chart or less. I am giving the bull the benefit of the doubt because sellers missed an opportunity on Friday to generate a headline decline. _______ UPDATE (Mar 30, 10:52 p.m.); At the moment, the smallest trigger interval I can come up with for the ‘CI’ trade is 15.00 points, so this is still a paper-trade unless your ‘camo’ chops are up to snuff. ________ UPDATE (Mar 31, 3:08 p.m.): The trade produced a profit of as much as $4100 per contract after adjusting for an initial attempt that got stopped out.
ESM25 – June E-Mini S&P (Last:5640.75)
