Yesterday’s high came within three ticks of the 2100.75 Hidden Pivot proffered here a week ago as a minimum rally target. That’s a minor Hidden Pivot, but there are two more-significant ones in immediate prospect: 2114.25 and 2117.25. I’ve already suggested laying out shorts in that range to those who have been on the right side of the rally, or at least had a piece of it that produced a profit. Now’s the time to use those gains to cushion a generous stop-loss. If the position is entered and survives the day, I’ll update with a nuanced suggestion for risk management after the close.
