Put the 1412.75 target out of mind for now, but please note that the futures’ failure by nearly 5 points to reach that Hidden Pivot is not a healthy sign. Bulls could easily get back on track today with a push merely to 1398.25, but failing that, they could grope their way 20 points lower today before finding traction. Night owls should look for ‘camouflage’ opportunities to get long via b-c pullbacks from in-between the closely spaced series of peaks labeled in the chart.
