The futures have stalled for two days almost precisely at the midpoint Hidden Pivot of the pattern shown. It’s still speculative to suggest they are about to pop through the resistance, but the fact that Thursday’s close was just above it lends weight to the bullish case for the near term. If this vehicle has traded 2107.00 or higher in the opening hour, we should infer that it’s on its way to at least p2=2125.50. Traders could buy a pullback to 2102.50, stop 2194.75, provided the set-up meets our criteria for a ‘mechanical’ entry. If the close is 2127.00 or higher, look for a finishing strike to D=2148.50 on Monday.
