Bears intent on intercepting the runaway freight train should save some ammo, since early Thursday night the futures have all but clinched more upside to at least 2080.75 over the near term. That’s the ‘secondary pivot’ of the pattern shown, and judging from the force with which the futures have just blown past the ‘midpoint pivot’ at 2048.00, there is every likelihood it will be reached. And so might the 2113.50 target near the top of this picture, assuming 2080.75 gives way without a fight. Although each of these Hidden Pivot resistances represents a potential opportunity to get short and perhaps even catch an important top, I am recommending that you attempt this only if you’ve been long for the ride when the respective pivots are reached. The process would start with a ‘mechanical’ bid at 2048.00, provided you know how these trades work. If not, ask in the chat room, since at any given time there are usually a score of traders in the room who might be willing to collaborate.
