Ignoring Thursday’s fleeting shakedown beneath a major Hidden Pivot support at 1137.50, the futures look to be in good shape Sunday night to continue higher. Price action is subdued at the moment, but it comes on the heels of a rally that exceeded no fewer than four ‘external’ peaks on the hourly chart without taking a breather. Conditions do not warrant a green light for getting long at the moment, unless via the ‘camouflage’ technique. We should wait to see what develops in Monday, but be aware that the next bullish benchmark above lies at 1202.80, in the form of a minor external peak recorded October 30 on the way down.
