Although futures failed by an inch to penetrate the 39.450 external peak of May 11, they did get past three other “externals” before starting a likely b-c correction. Study the accompanying chart if you’re looking for a low-stress way to get long when the pattern triggers a conventional entry signal on the daily chart. Entry would of course come at the ‘x’ of a lesser chart, as shown hypothetically. ______ UPDATE (11:07 a.m. ETD): A Hidden Pivot target at 42.475 is now crystal-clear on the 180-minute chart. The midpoint is 40.180, so a pullback ot that number should be viewed as a gift by any bull who missed a chance to get in. Coordinates for the target are as follows: A=34.810 ((July 12) and B=39.395 (July 14).
