Early Thursday morning, the futures were acting much as they did the night before, chopping sideways in bullish fashion just above a midpoint resistance. The Hidden Pivot lies at 39.710, and the fact that it has given way portends more upside over the near term to its ‘D’ sibling, 41.205. This is all pretty straightforward, but we’ll have to wait and see whether the futures play it by-the-book. Night owls should look for ‘camo’ cover amidst the cluster of peaks between 40.285 and 40.550 that were etched on the lesser charts Tuesday on the way down.
