Two Hidden Pivots beckon above — 1148.25 and 1162.00 — but it’s futile to try and guess when the implied breakout will come.  It will almost surely happen sometime between now and New Year’s Eve,  but  I’d don’t see much value in speculating as to exactly when.  If you’re patient enough to watch the 15-minute chart all day long, every day, however, I suspect that it will provide decent camouflage to get long with the uptrend.  One such opportunity, with very low risk attached to it, was developing  at the closing bell on Friday.  I’ve included a chart that shows how it would unfold ideally. _______ UPDATE (10:37 a.m.):  Someone in the chat room asked, What’s up with Rick’s ES touts? Wasn’t I bearish before?  I still am, but not so bearish that I can’t see the broad averages making marginal new highs into Christmas.  My 1148 forecast for ES allows for that, but it hardly classifies me as a bull.  I was  slow to come around because I’d failed to think through the logic of my Goldman-as-bellwether idea.  I had doubted stocks could go significantly higher without the fraudulent bank-recovery story to catalyze buying.  I was wrong.  With or without a bank story, the institutional lemmings, with more OPM than they know what to do with, have no choice but to continue to buy up stocks till the year’s end.