The futures are in a high-risk zone, having broken out above March 27’s watershed high, but we can be cool with it as long as we play by the rules. This means first of all that we should require a pullback to at least 1401.00 (daily chart, k=1387.50 on 7/30; A=1349.25, B=1424.75) before inferring that the futures are ready to take another leap, giant or otherwise. More immediately, camouflageurs should seek entry opportunities on the 15-minute chart. The nearest and subtlest of them would come on a print slightly exceeding a small ‘external’ peak at 1415.25 recorded on August 21.
