The futures have been nervously biding their time in anticipation of a move above early May’s all-time high, 1577.70. Now, however, they’ve run out of  pussyfooting room, since the June 6 peak at 1555.00 used up the last ‘external’ peak available for refreshing the bull trend. The next lies at 1577.70, and bulls have an immediate opportunity to get within pitching-wedge distance of it by completing the rally pattern shown in the chart. Signs on the lesser chart are promising, but it’s time for buyers to put up or shut up, since more idling at these levels is going to increase the likelihood of a swoon.