Rampage-Watch

We should be able to get a good read on the rampaging bull by watching the E-mini S&Ps.  Last week’s high at 1978.25 was just two ticks from a Hidden Pivot rally target that had taken three weeks to reach. Under the circumstances, an upward reversal through it within 2-3 days would suggest there is still plenty of buying power percolating beneath the surface. The first sign of such a reversal would come with a 1972.25 print — just three points above where the futures are currently trading, late Monday night. Night owls should look for an entry signal, camouflage-style, via a bullish impulse leg that takes out two prior  peaks on the 15-minute chart without correcting. My hunch — this is not rocket science — is that stocks are about to head higher.