The rally off Friday’s lows may have looked ferocious to those who were short, but from a Hidden Pivot perspective it has been deliberate and even a bit timid at times. Notice in the hourly chart how each thrust over the two days of the rally has stopped shy of breaching all prior peaks to the left of it. Instead, the ascent has unfolded one low-wattage impulse leg at a time. As of Friday’s close, the futures looked ready for yet another push — to at least 115^09 if that Hidden Pivot’s midpoint sibling at 114^21 gives way.  However, bulls will need to do just a tad better, pushing past a tiny, look-to-the-left peak at 115^11, to clinch their case; otherwise, it may require a re-test of the recent low at 111^21 to put in a durable base.