Last week’s strong two-day rally generated a lot of bullish talk, but from a Hidden Pivot standpoint it merely triggered an enticing ‘mechanical’ short at the green line (x=73.44). The position was theoretically profitable when the week ended, since the futures were trading $2 below the entry point and nearly $7 from the 78.15 stop-loss.  There are no guarantees the downtrend will reach D=59.35, since sellers have still yet to decisively penetrate the midpoint support (p=68.75). But the hypothetical trade looks likely to produce a profit with a dip to at least p, or even p2=64.05. _______ UPDATE Jul 14, 8:43 a.m. EDT):  The futures this morning have fist-pumped through a midpoint Hidden Pivot at 79.37 associated with a D target at 91.69. Looks like July/August is unlikely to be Trump’s — or anyone else’s — best month.