Yesterday’s rally stopped just shy of the 1272.50 threshold where I’d said bulls would keep short-term momentum alive. Instead, they will now have to depend on a mild correction to signal that all is well — or at least, not unwell. In Hidden Pivot terms, ‘mild’ here means a C-D leg that reverses from the midpoint Hidden Pivot or above. So that you can visualize this, I’ve sketched out a hypothetical scenario that would imply renewed strength as next week begins.
