Four days of sideways tedium are hardly conducive to speculation concerning when the next upside breakout will occur. Putting the question of timing aside, however, the move will be clearly signaled if and when the futures pop above the 1621.40 peak “along the wall” that is highlighted in the accompanying chart. At that point, a 1648.80 rally target given here earlier would be well in play, along with pullback opportunities near the 1625.60 midpoint. ______ UPDATE (1:45 p.m. EDT): We’ll roll into the December contract shortly, but for now, please note that a Hidden Pivot at 1650.30 is equivalent to the one at 1648.40 that we’ve been using as a minimum upside target for the near term for the December.
