The futures took off Friday, generating a weakly bullish impulse leg on the hourly chart. Buyers will have to sustain the pace as the new week begins to suggest they’re capable of overcoming the gravitational pull of the very important Hidden Pivot target we’ve been using at 150^07. Specifically, and most immediately, they’ll need to exceed 157^12, equal to the imposing ‘external’ peak shown. _______ UPDATE (7:48 p.m.): Sellers brutalized T-Bonds yesterday, erasing more than half of last week’s fragile gains (see above) in just a few hours. The 150^07 long-term target is not only still viable, but also a promising place to try bottom-fishing. Prompt me in the chat room if you’re interested, since we may be able to cobble together a plan on-the-fly. You can use the 30-minute chart to attempt this at prices well above 150^07, however. Using A=155^06 ( 8:30 a.m.), there are three Hidden Pivot supports where a tradable bounce could occur: p=152^31; p2= 152^16; and D=152^01.
