We hadn’t expected the futures to blow past double Hidden Pivot resistance at 1482.00 noted here earlier, but indeed they have. Another impediment yet remains at 1494.50, a target we’ve held in mind for several weeks; and let’s not forget round-number resistance at 1500.00. Even so, because we have higher targets outstanding for the likes of Goldman and some other short-squeeze faves, it would be less than shocking if the futures ease past 1500.00 before the week’s over. That would leave only the 1548.25 target shown, a number I aired earlier as a potential last-gasp peak. Judge for yourself, but for this Pivoteer, at least, an easy move past it is almost beyond imagining. In the meantime, I wouldn’t short here other than very cautiously and via camouflage, but if and when this hoax reached 1548.25, we’ll want to be the ranch (albeit with risk tightly capped). Above 1500.00, however, with the 1548.25 target presumably waxing magnetic, bulls are encouraged to go with the flow, applying rather less daintiness than is our wont.
