Granted, the futures did what we asked of them yesterday, pushing above four prior peaks on the lesser charts to create a bullish impulse leg on the daily chart.  But when they gamely pushed for a few extra yards, they stalled a hair below a fifth peak at 1592.30 (15m, 12:45 p.m. on July 17), losing their nerve — and momentum. And now, early Friday morning, they are repeating this display of timidity, having failed by two ticks to exceed the look-to-the-left peak at 1585.10 (3 min, 1:24 p.m., July 19) highlighted in the chart. Accordingly, our bias should be moderately bearish for the very near term, tied to the 1570.90 downside target shown.  Camouflageurs can short off the 3-minute chart — but also bottom-fish at p (1577.90) and/or D.  Learn how to use ‘camouflaged’ entry signals to dramatically reduce risk. Click here to find out about the upcoming Hidden Pivot Webinar and get a $50 discount coupon on the home page.