We’re still using a rally target at 1256.50 that was given here previously, since last week’s rollercoaster ride never dipped beneath its 1185.25 point ‘C’ low. If the target were to be exceeded on a closing basis or by more than 1.50 points intraday, that would portend more upside over the near term to at least 1271.50, the Hidden Pivot target of a somewhat larger pattern. Night owls looking for a way to board will probably have to drill down to the 1-minute chart to come up with ‘camouflage,’ since price action is nervously trendless at the moment.
