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Offer extended through Friday (9/3).
The minor downtrend from Friday’s high pointed as low as 864.75, but as of 1 a.m. EDT sellers had not even achieved the Hidden Pivot midpoint, 874.00 This hinted of a firm opening Monday morning even though the futures were trading below last week’s settlement price as the night wore on. In any event, bears would be wise to run for the hills if the futures pop above 897.00 today, since that would turn the hourly chart unambiguously bullish. A subtler bullish signal would occur on the 15-minute chart at 885.00.
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