After topping not far above a major target at 1767.00 that we’d been using, the futures have made zero headway over the last two weeks. However, the thing to notice is that they have not given up any ground either. If the consolidation this implies gives way to a renewed surge, we should use the 1816.75 target shown as a minimum upside objective. If there’s an intervening pullback to the 1728.50 midpoint pivot shown, you should view that as an opportunity to board belatedly ahead of the presumptive Next Big Push.
