In tonight’s commentary, I described the stock market as patiently biding its time in gluttonous anticipation of news sufficient to reignite the massive short-squeeze that kicked off the New Year.  Or so it would seem. Sentiment is so ridiculously bullish right now as to reflect the gutlessness of sellers.  They’ll return with a vengeance one day soon, for sure. But for now, DaBoyz are unwitting instruments in fulfilling a Hidden Pivot rally target at 1296.75 given here earlier.  They’ve spent the last five sessions playing toe-sies with the target’s midpoint sibling, 1278.50, doubtless unaware that such an impediment even existed.

Night owls should look for camouflage on the 10-minute chart, where a low-risk long was triggered about two hours ago at 1278.00 (A=1275.00, B=12799.00, C=1277.00). You might have to babysit the position overnight, however, since the futures look skittish about breaking out to new highs without help from the army of fools who will clamber aboard at the opening bell. Want to learn how we use Hidden Pivots and “camouflage” to reduce entry risk to relatively small change? Click here