The consolidation begun from last Wednesday’s 18.175 high feels like it has a bit farther to go, but if and when it gives way to a thrust exceeding the 18.504 peak shown in the chart, that would be the most encouraging event, technically speaking, since late June. The nearest Hidden Pivot target of consequence on the daily chart is 19.920. Its sibling midpoint is 17.840, and we can infer the target is a good bet to be reached if the futures can close for two consecutive days above the midpoint.
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