I flagged a 176^03 rally target here yesterday that was the terminus of a bull-market ABC pattern stretching back nearly six months. The relatively minor pattern shown, however, may have more precise implications for the near-term, and therefore be more useful for trading purposes. It can be employed to establish a ‘mechanical’ bid at the red line once that line, a midpoint Hidden Pivot at 173^23, has been exceeded by at least a half-point for several bars.  The same goes for the ‘secondary’ pivot at 175^23.  (Note: You should attempt these ‘mechanical’ trades only if you understand the tactic.) A stall at p more decisive than what has occurred so far would reaffirm the pattern itself; thereafter, a significant move past it would put the 177^23 target in play. If it’s achieved, it would be a case of a lesser pattern ‘extending’ the reach of a larger one.  This doesn’t happen very often, but we should treat it as a possibility here. _______ UPDATE (July 6, 1:11 a.m. EDT): The futures should now be presumed bound for the 177^23 target shown (see inset, a new chart), but don’t expect them to leap this ‘hidden’ barrier with ease, since it has been confirmed, and certified as accurate, by a four-day stall very precisely at the midpoint pivot, 173^23. _______ UPDATE (July 14, 12:23 a.m.): The futures sold off hard after rallying to within 12 ticks of the 177^23 target. Bulls and bears are in a ‘duel’ now on the lesser charts, but the former would gain the advantage with a print above 175^29. That’s the Hidden Pivot midpoint resistance of this pattern on the 30-minite chart: A= 172^00 (6/30); B=177^11 (7/10); and C=173^07. _______ UPDATE (7:08 p.m.): Short-term, the futures are on thin ice, since a dip below 171^29 would breach a June 30 low that is presumptive support.