A moderate rally targeted on a Hidden Pivot at 40.770 was cut short by the bell yesterday, although night owls will have a chance to finish the job once a shallow correction in progress early Monday evening has run its course, as seems likely. Camouflageurs can look for a bullish turn near 39.350, the target’s midpoint sibling, but it will take a thrust to at least 40.755 to take out the tiny but crucial resistance of a look-to-the-left peak from August 4 that is discernible as such only on the very lesser charts (i.e., 3-minute or less).
