The hysterical swings of the last two weeks are starting to tighten into a pennant capable of producing an upthrust for which traders need to be prepared.  In Magee-and-Edwards theory, the dithering could go on for as long as another week or two, but using the Hidden Pivot Method, we can determine exactly when the futures are ready to move by watching closely for fresh impulse legs on the lesser charts. Keep in mind that it is after lengthy periods of tedium that camouflageurs enjoy their greatest edge — as long as they’re willing to pay close attention when most other traders will have fallen asleep. For starters, night owls should open a one-minute chart in order to spot a breakout above a 1322.00 look-to-the-left peak made on the way down yesterday at exactly 4:02 p.m. EST.  A ‘b-c’ pullback from just above that peak could provide the best opportunity you’ll see tonight to jump aboard a fledgling uptrend. _______ UPDATE (9:45 a.m. EST):  The futures idled most of the night, finally poking above 1422.00 around 4:30 in the morning.  This did indeed initiate the best rally of the day, at least so far, but it was only to 1325.00, and there was a premature entry signal at 1321.75 (A=1317.50) that would have generated a small loss and required a second try (at 1321.25, 5:30 a.m.).  At 9:45 a.m., the futures were being manipulated lower, presumably to a 1312.75 Hidden Pivot target that would max-out corrective patterns on the 1-minute chart (A=1325.00, B=1318.00, and C=1319.75.).