Much as we’d wanted a dip down to 157^03 so that we could get aboard for cheap, it was not to be. The pattern shown makes clear, however, that there’s still plenty of opportunity for bulls — most immediately, to the 164^23 target shown.  I’ll suggest getting long with a ‘mechanical’ bid at p=161^15 once that Hidden Pivot has been exceeded by at least half a point for three consecutive bars. The implied stop loss, a third of the approximately 3.25 points we stand to make if D is reached, should be placed at 160^07 upon entering the trade. _______ UPDATE (Feb 3, 2:52 a.m. EST): Tuesday’s explosive rally brought the futures to within less than a point of the 164^23 target we’ve been using to keep in step with the bull market.  I expect a pause there, but my long-term outlook remains extremely bullish, with a prediction that rates on the 30-year will fall as low as 1.64%.  That would be half of the recent, corrective high._______ UPDATE (February 8, 9:50 p.m.): Bulls made short work of an ostensibly daunting target at 164^23, suggesting there is plenty of buying power remaining. However, the futures are due for a well-earned rest, so be prepared for the rally to flame out near these levels. They are currently stalled at the 166^29 target of the pattern shown, but any higher would indicate more upside to 167^22, a Hidden Pivot calculated by sliding ‘A’ down a notch, to 158^06. I seriously doubt the futures will push past 167^22 without pulling back first, possibly substantially. If they surprise by crushing the pivot, however, we can infer that it is a bullish tsunami that is driving this phase of the bull market.______UPDATE (February 9, 6:50 p.m.): The futures spiked to 167^09, less than half-a-point from my target, but bulls may not be done. The target remains valid in any case, and a decisive breach to the upside would imply that another significant pop may be imminent. It would also imply that any pullback intraday should be regarded as a buying opportunity._______UPDATE (February 11, 10:32 a.m. EST):  Whoa, momma!!!!  Today’s explosive rally hit  170^26, sending me to the monthly chart in search of a new target.  It lies at 176^29, the secondary pivot of this pattern: A=127^23 (12/31/13); B=166^27 (4/30/15). That would correspond to a yield on the 30-year, currently around 2.45%,  of about 2.18%.