The week ended with an unsettling pause when the futures went into a trance rather than leap off a cliff. Settlement was just above a low made on October 4, beneath which lies a nearly 100-point drop to a secondary Hidden Pivot at 4138. What shocks is that DaBoyz did not cause the futures to feint briefly beneath the low, the better to run them up the wazoo of shorts enjoying a rare moment of self-satisfaction. In any event, the 100-point fall looks like it’s in-the-bag, even if half of it occurs Sunday night. That would make the futures a potentially opportune buy when they reach p2=4138.
ESZ23 – Dec E-Mini S&Ps (Last:4244.50)
