Yesterday’s surge will have rejuvenated bulls by blowing away the 1526.50 peak “along the wall” of late June’s decline. Most immediately, the prospect of a short-term finishing stroke to at least 1544.20 looms, or perhaps to 1548.30 if any higher.  Astute Pivoteers may have noticed that the intraday high at 1534.90 fell precisely at the Hidden Pivot midpoint shown in the chart. What this implies is that any progress above it will all but ensure a precise hit at 1544.20. The higher, alternate target comes from making ‘p’ into a point ‘B’.  Night owls should look on the five-minute chart for camouflage along the lengthening path of tonight’s tiresome consolidation.  Remember: For the Hidden Pivot trader, tedium is opportunity. ______ UPDATE (10:27 a.m. EDT): The midpoint resistance noted above has contained the rally so far. However, the pullback from it has created a new point ‘C’ at 1524.20, and therefore a new midpoint and target, respectively, at 1536.50 and 1548.80.