The futures were having trouble getting loft Thursday night, suggesting they might take the path of least resistance to the 1623.75 target shown. The wide oscillations around the midpoint pivot suggest, however, that it’s not likely to be much worse than that, and that bulls in any event are not going to be easily pushed around as the week draws to a close. For ‘camo’ traders, the micro-peak at 1657.00 that I’ve highlighted has the potential to be the most opportune spot on the chart for getting long.
