Bulls have struggled for three weeks to punch through the 3168 midpoint Hidden Pivot shown in the chart, but they have been going at it more aggressively lately and look like a good bet to succeed. If and when the futures close for two consecutive days above the pivot, or exceed it by more than 50 points, a finishing stroke to D=3392 target would become an odds-on bet. In the meantime, a swoon to x=3041.00, the green line, would trigger a mechanical buy, stop 2923.50. This trade carries entry risk of $6000 per contract, so we will look for ways to cut that by perhaps 90% if the opportunity arises. Stay tuned. ______ UPDATE (Jul 9, 9:45 p.m.): Bulls are struggling for altitude under the weight of pandemic news that is more than a little discouraging . The futures would nonetheless become a fetching mechanical buy on a pullback to x=3041.00, stop 2923.50.
