Just because a rally is a patent fraud does not necessarily mean it cannot go higher. This one would create a bullish impulse leg on the hourly chart with a print today exceeding 1239.25. That’s not much, and if the futures were to hold onto even half their gains, DaBoyz would be in fabulous shape to continue harassing shorts as next week begins. There is no reason to stick our necks out today, but neither should we fear picking tops and bottoms of minor trends. As I mentioned in Thursday’s commentary, the stronger the trend, the more reliable the Hidden Pivot targets, especially on the intraday charts. _______ UPDATE: As of 1:20 a.m. EDT, a rally to at least 1262.00 looks baked into the cake, with an outside shot at 1283.50 if things spin out of control.