Technical considerations aside, the Indoos look like they are getting ready to blast off for the relatively short thrust it would take to achieve new recovery highs and extend the Mother of All Bear Rallies into its 26th month. Looking at the chart, the impending “liftoff” is so palpable, in fact, that we should view it with every ounce of contrarian skepticism we possess. Practically speaking, this means we’ll be looking to get short — via camouflage, if possible — at any Hidden Pivot worthy of the name. Stay tuned!
