Yesterday’s price action may have felt like six hours of pooch-screwing, but from a Hidden Pivot perspective it strengthened the bullish case by impulsing above a series of ‘internal’ highs recorded over the last several days. Two rally targets identified here earlier still beckon at, respectively, 1470.00 and 1480.50 (by all means, short either of these numbers via camouflage, then check here and in the chat room for further guidance), but we should allow for the possibility of even higher prices — specifically, 1532.00, based on the pattern shown. That would equate to a Dow rally of about 800 points to above 14000, but as you’ll see in the Dow chart itself (included today with a fresh DJIA tout), the actual, uninterpolated peak could be even higher.
