The futures went into a shallow dive yesterday morning after failing to reach the rally target of a beautiful camouflage set-up. This is “dueling” action at best, portending limited potential for traders on either side of the market. The best bet I can see at the moment would be going against the trend on a pullback to the 1598.60 midpoint pivot shown. That’s also a logical number for a minimum downside objective over the near term. Alternatively, we could get just a little bit excited if the futures pop today to 1626.80, exceeding the look-to-the-left peak that I’ve labeled. That would strongly imply that the futures are bound for the 1646.90 bull target of the large pattern with purple coordinates.
