The futures topped to-the-tick at the 2454.75 midpoint Hidden Pivot shown. Earlier, I’d told subscribers who were long from the 2415.75 low recorded the previous day to exit the position, thereby sparing them the anxiety of watching this vehicle fall today. Now, there is nothing to guarantee that the September contract will push above p; but if and when it does, especially if the breakout is decisive, more upside to D=2494.00 will become an odds-on bet. You can short there aggressively, but only if you’ve been long for at least a part of the implied rally. I can’t recall a time when the futures were as easily or as precisely predictable as they have been lately, so we should work diligently to make hay while the sun shines.
