The failure a week ago to reach the 5606.50 rally target is not a sign of good health. Although the futures could get second wind and blow past this Hidden Pivot resistance in the days ahead, they should at least have reached it on the first try. It would have required only a very small additional push to get to the ‘finish line’, and there is no rationalizing bulls’ laziness. Look for churn and a possible top from a level somewhat above the 5588.00 high recorded on June 20, or even above the 5606.50 target.
ESU24 – Sep E-Mini S&P (Last:5521.50)
