A Hidden Pivot at 2126.25 has served as our minimum rally target for more than a week, but it’s been torture getting there. Bulls look thoroughly spent, but they’ll have help with the final mile today from the gale-force ‘seasonality winds’ that tend to accompany the Thanksgiving holiday. And if they can’t quite get there on Wednesday, they’ll still have Friday to try again, when volume will be almost nil. AS noted here earlier, your best bet for getting long would be on a pullback to p=2094.25 once the futures have achieved a minimum 2104.00. On entry, use an initial stop=loss at 2083.00. If you catch at least half of the ride to this target, I would strongly recommended using a third of your gains to cushion a stop-loss on a short from 2126.25. If the futures close there on Friday, going against the trend would, in my estimation, offer great odds.
