The futures spent the entire week fraternizing with three of four Hidden Pivot levels of the pattern shown. It’s peculiar that the bounce from p and p2 missed their respective levels by a tick or two, but there’s no reason to think the action at d=5156.75 will be any different, especially since it coincides with the too-obvious low’ at 5146,75 recorded on April 10. A Mini-Cooperful of clowns is likely to converge there when it is closely approached, so don’t bet too heavily on a precise turn, even if a reversal from near there is likely.
ESM25 – June E-Mini S&P (Last:5326.50)
