So far, last week’s trampoline low from within $1 of a well-advertised Hidden Pivot at 738.80 looks pretty encouraging. Most immediately, the $23 thrust off Friday’s low has exceeded an internal and an external peak, creating a legit impulse leg on the hourly chart. The move would have been somewhat more impressive if it hadn’t required a pause on Friday around mid-morning, but it’s possible that buyers are revving up for something really impressive. What we need today, to bring things to a boil, is a follow-through that exceeds peaks #3 and #4 in the accompanying chart. That would require an unpaused thrust of just $20 from the so-far recovery high at 789.50.