The futures have nearly a point of upside before reaching the 125^22 target of a relatively minor rally pattern. A more significant, bullish pattern projects to a slightly higher target at 126^00, and we should expect the two Hidden Pivots together to show some considerable stopping power. This implies a top of at least intermediate-term importance is near. However, if the futures should blow past the higher target without a sign of fear or deference, it would hint of a torrent of defensive money poised to jump back into Treasurys.
