The modest, somewhat gnarly rally pattern shown looks sufficiently compelling to use for trading and targeting now, even if it lacks corroboration via precise price action at the 2298.00 midpoint Hidden Pivot. Since it provided a ‘winning’ mechanical trade on last week’s pullback to the green line, I’d suggest using the red one now for a belated entry attempt. A bid there, at 2298.00, would take a 2286.00 stop-loss predicated on a 2333.75 target, but you could cut the implied $600 entry risk down to perhaps $50-$75 per contract by using a ‘camouflage’ entry trigger instead. This would entail jumping on a very minor, uptrending ABC pattern if and when the futures pull back to 2298.00. _______ UPDATE (Feb 13, 10:24 a.m. EST): With no pullback whatsoever, manic buyers have come flying out of the gate this morning, hellbent on 2333.75. I cannot imagine a decisive move past so clear and compelling a Hidden Pivot resistance on the first try. However, if bulls should shock by effortlessly demolishing it, they’ll be shooting for 2387.50. That number is tied to a midpoint pivot at 2324.88, so be alert to the possibility of a stall there.
