It’s discouraging to see the broad averages down so little when it appeared that the forces of sanity, decency and logic had bulls nicely on the run early in the session. Oh well. This vehicle ended the day with the creation of a strong impulse leg on the 30-minute chart (if not quite on the hourly), so we should brace for higher prices. If so, a midpoint resistance at 1180.75 should be considered “pivotal,” since a breakout above it would portend more upside to as high as 1193.50. So far, however, the midpoint has with withstood the charge, turning the futures back from 1180.50.  Night owls looking for a way in should seek it on the one-minute chart, where subtlety and sideways tedium will have caused more than a few other traders to throw in the towel — or doze off. ______ UPDATE (1:33 p.m. EDT):  Liftoff to a so-far high at 1187.50 came in the hour leading up to the opening, but the best time to have gotten aboard via camouflage on the one-minute chart was at exactly 4:50 a.m.  The pattern that took shape at that time is subtle perfection, including B and C coordinates formed from a single bar.