All of the hard work that bears put into pushing the futures a few measly points lower on Wednesday has been negated, DaBoyz having effortlessly recouped the day’s losses and then some in the volumeless, antigravity atmosphere of the night session. If you’ve been yearning to short this hoax because of its close proximity to a longstanding rally target of ours at 1708.75, you should give up that impossible dream and simply trade it from the long side.
In that regard, night owls should stick with the subtlest, most picture-perfect impulse legs they can find on charts of 5-minute degree or less. As of around 10:12 p.m. EDT, there was nothing to motivate. However, I’ve highlighted a look-to-the-left peak that could provide an unbeatable camouflage buying opportunity if things play out according to our simple rules. In practice, that would mean a shallow pullback on the very lesser charts from no higher than 1694.25 If that occurs, you shouldn’t hesitate to jump on the trade. Click here to learn how you can reduce entry risk by using the ‘camouflage’ trading technique.
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