We shouldn’t read too much into the feints, whoops, glissandos and diminuendos of late, since, let’s face it, the futures have been stuck in a range since January.  That said, they are about to squander a bullish opportunity if they fall below 942.10, the point ‘C’ low that followed the creation of an impulse leg of daily-chart degree in early  August. That would foreshadow, not some killer leg down, but, more likely, yet another period of lazy buoyancy at a somewhat lower level. More immediately, the December contract could fall to as low as 933.00 if it smashes the 941.80 midpoint associated with that Hidden Pivot. (Note to pivoteers: A=961.30 on the hourly chart, August 14 at 9 a.m.)