The 2078.00 rally target provided here yesterday came within a single point of nailing the intraday high of a 22-point surge. As implied earlier, the move would need to push decisively past the target, a Hidden Pivot resistance, before we can confidently assume that significantly higher prices impend. More immediately, there is one last hidden resistance, 2085.25, to impede the upward flow. It can be used as a minimum upside objective as well. Night owls looking to get long can do so via a ‘mechanical’ bid at 2070.44, the secondary pivot, stop 2065.50. If 2085.25 is subsequently achieved, at least 25% of the original position should be held for bigger things.
