A 2118.75 rally target disseminated Thursday morning would have allowed subscribers to get short two ticks off the intraday high. Based on an initial position of four contracts, I recommended covering half at 2115.25 and a third contract at 2111.25.  The remaining contract was to have been tied to an ‘impulsive’ stop-loss on the one-minute chart. This means it would have been exited at 2115.50 at around 2:54 p.m. EDT. The total theoretical gain on the trade was 17.25 points, or $862.

The 2119.25 high fulfilled a rally target that had been three days in coming, so we should expect the futures to take a breather for perhaps a day or two.  If buyers forge higher to close out the week, however, they should be presumed headed to the 2137.25 Hidden Pivot shown. Assuming this vehicle behaves as usual, the best time of day to grab a  ride north would be around 4:00 a.m. Night owls and traders in the European time zone should plan accordingly.