It’s just a short leap to the next important Hidden Pivot resistance, 1693.90 (a midpoint, see inset), but bears shouldn’t lean too heavily on it, since a rally that touches it will fully replenish the bullish impulsiveness of the daily chart. Camouflageurs should note the succession of ‘external’ peaks recorded in August on the way down, since a b-c pullback beginning from between any pair of them would present a great opportunity to jump on the long side with relatively little risk. ______ UPDATE (September 13, 12:35 a.m. EDT): An inside day has left my advice unchanged. Traders should be prepared to pounce if the futures pull back in the manner described above.
