Buyers spent the entire day head-butting a p2 resistance at 1988.00, to no avail. Although they failed to get past it, their eagerness to try again on Thursday was palpable after the close. DaBoyz had the futures down nine points as we went to press, implying they were trying to dry up selling in order to set-up a short-squeeze overnight or before the opening bell. Night owls should look for a bounce, potentially tradable, from 1977.25. That is a midpoint Hidden Pivot support derived from this pattern on the 3-minute chart: a=1991.25 (1o/7 at 10:21 a.m.); b=1967.50. If it fails to hold, expect the weakness to continue to at least 1971.25, or possible 1965.50. Either of these hidden supports could be bought with a tight stop.
