Although today’s E-Mini S&P tout sees a move to new record highs as imminent, I have reproduced a long-term chart as a reminder that bulls will be up against a very formidable Hidden Pivot target at these levels.  Specifically, a 1999.00 pivot (adjusted slightly from my earlier tout) that has been 27 years in coming precisely completes a pattern begun from the point ‘A’ low at 244 recorded at the bottom of the 1987 Crash.  That said, a strong push past the target would put yet another Hidden Pivot in play at 2140.58 that comes from the August 1982 low of 102.42.  How strong a push? My hunch is that a two-day close above 2030 would clear the path to the higher number. _______ UPDATE (10:24 a.m. EDT): A subscriber has suggested using a 216 low for the ’87 Crash, and so I will. I vaguely recall that number, even if — incredibly — searching a million web pages, I was not able to find it initially.  The new low will give the S&Ps room to run up to as high as 2028 before the target can be considered fulfilled.  I expect it to work very precisely — i.e., within 3-4 points — and that is why it is important that we use the actual, exact low for 1987.