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The futures spent the whole day obsessing over an important midpoint Hidden Pivot at 1214.90 that was flagged in yesterday’s tout.  A two-day close above it is still needed to signal a likely thrust to 1261.80, but a stab above a prior peak at 1222.30 would likely also do the trick.  Amidst all the noise on Thursday, the futures could muster only 1220.60.  Night owls can try bottom-fishing at 1210.90, stop 1210.40.  This is the ‘d’ target of a corrective pattern taken from the 5-minute chart, where a=1217.10. (See also: our recent gold coverage)