ESU24 – Sep E-Mini S&P (Last:5684.50)

The futures closed effortlessly above a 5606 ‘hidden’ resistance that was not exactly chopped liver, so we should infer they are now bound for at least 5678.50, the Hidden Pivot target shown in the chart. It is theoretically shortable, especially if you know how to craft a risk-averse, camouflage ‘trigger,’ but your trading bias should be bullish until the target is reached. A pullback to the red line (p=5473.00) can be bought ‘mechanically’, stop 5405.50, but I don’t expect Mr Market to gift us with such a generous buying opportunity. _______ UPDATE (July 10, 5:30 p.m.): Wheeeeeeeeeeeeeeeeeee!  Here’s an unconventional pattern with a 5879.50 target that will ave to be treated as viable because it’s all we’ve got at the moment. Trade with a bullish bias until it is reached, or don’t trade at all.  Yes, the rally could fail at p2=5726, but I wouldn’t want to put ideas in your head.