Today’s rally was over in a relative blink, but not before it tripped a ‘counterintuitive’ buy signal at the green line (see inset) for a shot at 1374.50. I advised passing up the opportunity in the chat room, however, because I didn’t quite trust it. In retrospect, although the futures spent nine hours doing nothing after signaling the buy, the very shallow pullback that followed appears to have left shorts on the hook. They were chasing this vehicle higher Tuesday evening, presumably bound for the red line, a midpoint Hidden Pivot resistance at 1351.70. Bulletin: As we went to press, the buying spiked the December contract nearly $6 in ten minutes. To trade the rally, which points to 1356.20, I’d suggest using the Hidden Pivot levels shown in the chart-within-the-chart. In theory this would allow you to use the stop-loss applicable to the small pattern to catch a ride to the 1374.50 target of the larger one. ________ UPDATE (August 10, 10:38 a.m. EDT): The trade detailed above could have produced a gain overnight of as much as $1350 per contract on initial risk of about $200. In actuality, when the futures popped above p=1350.10 of the small pattern and pulled back to the pivot before launching sharply higher, the pullback low was 1349.70, meaning the trade was never more than four ticks in-the-red. Also, partial-profit-taking on 75% of the position would have left you with a single contract, cost basis 1337.80, to ‘swing for the fences’.