Last week’s thumb-wrestling match ended in a draw as bears failed to push the Auggies down to the 2281.00 target shown. The best they could muster was to diddle the secondary Hidden Pivot support at 2306.40 for nearly two days. The week ended with the futures mildly on the upswing, although a further push to the green line (x=2357.20) would trigger a ‘mechanical’ short. The opportunity looks second-rate, so I’ll recommend watching from the sidelines. A bigger picture shows a nearly three-month consolidation with potential to 2520 or higher. Somewhat lower prices remain likely for now, though.