Let’s see how the futures react with an important Hidden Pivot target at 1134.50 before we assume that the next, 1174.90, is a done deal. And it will be, I should think, if the rally exceeds the lower number by more than 1.40 intraday or closes above it. Given the intensity of the rally, genuine camouflage is apt to be hard to find, but it bears noting that most of the impulse legs on the lesser charts yesterday did not try to be coy.
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