When HUI exceeded a 502.82 Hidden Pivot resistance on December 1, it signaled more upside to at least 532.83, at least in theory. In practice, the bearish impulse leg from the all-time high reached the next day,  516.16, has unfolded with enough strength to suggest that at best, a consolidation of perhaps another 7-10 days will be needed to set the stage for an attempt at new highs. It’ll be at least 3-4 days before we see a follow-through leg to the downside on the daily chat but if and when it comes we’ll be better able to judge whether the recent damage is likely to prove fatal.  More immediately still, let’s set the bar at  471.75 today to tell us whether bulls are feeling feisty enough to turn the lesser charts bullish sooner rather than later.