We’ll use the bullish pattern shown, with a 2101.75 target, to trade this vehicle in the days ahead. If the target is achieved, it would be equivalent to a Dow rally of about 500 points. Keep in mind that, along the way, trendline resistance flagged here yesterday is likely to make itself felt at 2083.75. You can short there aggressively if you’ve caught a piece of the rally. One way to do so would be via a ‘mechanical’ bid at 2057.00, the midpoint Hidden Pivot. Although the futures have traded decisively above it, the rally has lacked sufficient buoyancy so far to trip a buy signal. For your further guidance, I’ve hypothetically sketched a series of bars that would change this.
