The E-Mini S&Ps are closing on a modest rally target that has been three weeks in coming. If this Hidden Pivot target fails to contain buyers for at least a day or two, that would imply there is still considerable buying power percolating beneath the surface, mainly from future short-covering. I have provided a precise target that could be useful to bulls and bears alike, but the latter should not try to intercept the rally aggressively unless they’ve been long on the way up.
