The chart I’ve furnished with today’s commentary proffers a minimum rally objective at 1536.30, a Hidden Pivot midpoint that looks likely to produce at least a minor stall. However, and as noted here yesterday, it will take a close above the 1528.70 midpoint of a larger pattern to prime the futures for a powerful thrust over the near term to as high as 1594.90, the ‘D’ target associated with the midpoint. Bulls could put the bad guys in deep freeze, however, with a thrust today that exceeds the 1543.50 peak recorded May 4 on the way down.
