All signs were pointing lower at day’s end, presumably toward an SIU rendezvous with the structural support of a 38.865 low recorded a week ago. Bulls would get relief, however, and new energy, if the futures can muster a pop above a 40.670 peak-let recorded Wednesday on the way down. Were that to occur, we’d be looking early next week for follow-through to at least 41.940. That’s the Hidden Pivot target of the pattern, on the 15-minute chart, A=38.865 (July 22), B=41.465 (July 27), and C=39.340. The p midpoint lies at 40.640 and can be used as a secondary benchmark to sniff out incipient strength.
