The futures appear bound for a minimum 2782.25 (see inset), but if that Hidden Pivot resistance fails to restrain buyers for more than a few hours, look for the rally to continue to the next such target, at least: 2824.00. Pivoteers familiar with the tactic can use a ‘camouflage’ set-up to get long on a pullback to the pink line (2738.25). But if you prefer a ‘mechanical’ entry, bid for one contract there (i.e., at 2738.25), stop 2723.50. _______ UPDATE (Jan 15, 6:16 p.m.): Buyers ripped through the 2782.25 pivot with such force that the rally is almost certain to continue to at least 2824.00. If that Hidden Pivot resistance gives way easily too, use 2848.25 as an alternative. It would be the toughest impediment the futures have encountered in months.
