Two peaks near 1377 recorded two weeks ago remain the key challenge for bulls over the near term. Once above them, however, the futures would become an odds-on bet to go just a bit farther, at least, to 1381.25, a Hidden Pivot identified here earlier that can be shorted either via camouflage or, with somewhat greater risk, via a 1381.00 offer, stop 1382.25.  As before, if you take the latter approach, exit half of the by-then-profitable position at 1377.25 and use a trailing stop suited to your style for the rest. This trade is particularly appealing because once the futures are above the 1377 highs, “everyone” will be bullish and bears at their most despairing. Would you like to learn how we use the ‘camouflage’ trading technique to significantly reduce entry risk? Click here for details.