I’ll repeat what I said during yesterday’s online impromptu session: Ignore this headless chicken for now, since it’s just a jumble of impulse legs on the intraday charts that are meant to screw with your head. A bull trend dominates nonetheless, and it could get the futures to 1826.30 (see inset) if and when the 1769.50 Hidden Pivot midpoint associated with that number gives way. More immediately, a close below a downtrending ‘p’ at 1729.20 could augur more corrective action to as low as 1703.00.
