Once again, our goal of getting short at 2138.00 has been postponed. That’s a potentially important Hidden Pivot target, since it coincides with the targets of two patterns significantly larger than the one shown. Our goal is not very ambitious, but it has been challenging nonetheless, since buyers seem to grow timid every time the futures get close to 2138.00. So far, they’ve gotten as high as 2134.00 — not quite close enough. However, we’ll likely try to get short no matter what on Friday, since the opportunity to leverage a major rally target is too enticing to pass up. I could write a thousand words about how best to accomplish this, but we’ll let the market tell us in real time. Stay tuned. Night owls can try getting long in the meantime, since there are several clear, bullish patterns driving this vehicle at the moment.
