Although the rally may already have begun to feel the magnetic pull of the old high, that is no assurance a new high will be achieved. It will first have to push past a Hidden Pivot resistance at 6128.25 that has the potential to stop the rally dead. The effect is likely to be precise if it occurs at all, so you won’t have to ponder price action for more than an hour or two once the target is hit to figure out what might come next. The target is worth shorting provideddd you have the chops to pare entry risk down to 3.00 points or less per contract.
ESM25 – June E-Mini S&P (Last:5948.50)
