The futures failed to surpass a 2090.00 resistance I’d flagged in the chat-room, topping a single tick below it at 2089.75. The resistance is not a Hidden Pivot, but rather a ‘structural’ impediment tied to an important peak at that price back in December. I say important because it is one of only three peaks remaining that lie between current levels and new all-time highs. The peaks are very closely spaced, with the uppermost at 2105.00, so it wouldn’t take much of a rally to power this vehicle into the record book. As likely as this seems, we should shun the guesswork and simply trade whatever ‘mechanical’ opportunities come our way in the form of impulse legs. These can occur on charts of any time frame, allowing us to cut theoretical entry risk down to mere ticks in either direction.  Stay tuned to the chat room if you want witness the process in real time. _______ UPDATE (April 19, 7:56 p.m. ET): The futures spasmed to a new recovery high at 2098.50, leaving the analysis above unaffected.