DIA precisely head-butted a midpoint pivot at 177.68 several times (see inset) before busting through it this morning. This implies that p2=179.67 will be reached, at least, and that a decisive push past it would put a 181.66 target in play. That implies a 276-point rally in the Dow Industrials, and it could unfold in a mere day or two the way things have been going. Traders can attempt to get long ‘mechanically’ on a pullback to 177.68, stop 176.35, for a shot at 181.66. One caveat: At least two more bars entirely above p must occur prior to the required pullback for the trade to be valid. I’ve sketched this hypothetically for your further guidance. ______ UPDATE (April 14, 7:25 p.m. ET): DIA has stubbornly refused to pull back to our bargain-hunting bid, so the buying opportunity will necessarily move up to p2=179.69. If that Hidden Pivot is decisively exceeded for several bars on the hourly chart, DIA could become a ‘mechanical’ buy for a shot at 181.66. _______UPDATE (April 19, 8:30 p.m.): The pullback to 179.67 fell a whisker shy of meeting our criteria for a ‘mechanical’ buy, but if you bought there anyway, hang on with a 177.00 stop-loss. ________ UPDATE (April 22, 2:21 a.m.): A subsequent pullback to 179.59 made it possible to get long ‘mechanically’ by-the-book just before DIA rallied to 181.42. Using the 181.66 target, a profitable exit using a ‘dynamic’ trailing stop would have come at 181.34.