ESZ14 – December E-Mini S&P (Last:2072.75)

The long-term chart shown is intended as a reminder that this vehicle still has some running room before it encounters an impediment with the potential to stop the rampaging bull, even if only briefly. The 2115.50 Hidden Pivot target can be shorted aggressively using the ‘camouflage’ technqiue or very a tight stop-loss, but for the time being it should serve as a lodestone for bullish bets.  The expected rally would be equivalent to about 350 Dow points,  implying the Indoos are about to crack 18,000. The popular imagination will surely shift toward Dow 20,000 in a big way at that point, which is all the more reason why we shouldn’t regard such an outcome as a done deal.