The pattern shown, with a Hidden Pivot rally target at 2137.25 that is still valid, is ancient history. However, this number is the only useful short-term target we’ve got, and just because it has taken two full weeks for the futures to get near it is no reason not to exploit it if possible. A mechanical ‘buy’ is the appropriate way to get aboard, implying a bid at 2118.25, stop 2112.25, once the futures have surpassed p2 by perhaps 6-8 points and lingered above it for 3-4 bars.
