We’re long a single contract with a cost basis of 1708.00 after imputing to it paper profits we made closing out three contracts earlier. Raise the stop to 1716.10 for now. A key test awaits at 1770.20, the midpoint Hidden Pivot of the large pattern shown. It can serve as a minimum upside objective for the near term, with a ‘D’ sibling at 1869.80, a major rally target given here earlier. If and when 1770.20 is touched, we’ll switch to a stop-loss that would take us out of the remaining piece of our position if a downtrending impulse leg is generated on the hourly chart.
