I’ll step back for a day, since Wednesday’s price action provided no hooks for a hitting a bullseye. Even as to the question of whether the futures will close higher or lower on Thursday, I prefer not to hazard a guess. Suffice it to say, each of several upthrusts fell a hair shy of its respective, minor Hidden Pivot target posted in the chat room. In addition, the intraday high occurred a whopping nine points below some ‘external’ peaks recorded last week. A case of buyers turning chicken? Or were they simply fatigued after a night of relentless ratcheting higher in the usual way — i.e., via a short-squeeze? For once in a blue moon, I’ll avert my eyes and pretend not to care. ______ UPDATE (Nov 1, 9:50 p.m. ET): The pattern shown should work well for bullish trade set-ups, since the 2800.50 target lies nearly 70 points above. Consider it an odds-on bet if the futures trade 2760.00 or higher intraday or close for two consecutive sessions above the 2752.25 midpoint Hidden Pivot resistance.
