Yesterday’s gap through at least two Hidden Pivot midpoints suggests bulls will have little trouble pushing this vehicle past the 1283.00 peak recorded in late October. The move targets a minimum 1293.75, a Hidden Pivot that will not be particularly useful for trading because of its close proximity to the round number. Supply will thicken between 1300 and 1350, but opportunities to get aboard using camouflage appear limited on the daily chart, since the closest external peak above 1300 lies at 1331.50. You should stay tuned nonetheless, since we may be able to catch a ride for at least a part of the expected 80-point thrust using benchmarks from the lesser charts.
