S&Ps Jockey for a Breakout, but It May Not Be Much

S&P futures ended the day on the upswing after getting squeezed off a well-oversold low Tuesday morning. My hunch is that the S&Ps will break out of their trading range of the last several weeks, but not by much. If so, we have a Hidden Pivot target for the E-Mini S&Ps that can be used to precisely anticipate a potentially tradable top. Night owls can use the same target to get long for a ride north.