Another day of tired price action has not significantly altered the odds of a short-term finishing stroke to p2=2131.31, or to D=2147.50 if any higher. Both of these Hidden Pivot resistance points are derived from the pattern shown. It’s a wacky one but compelling nonetheless, since it’s the only rally pattern that can be derived from the three-week period covered by the chart. The minor ups and downs that we typically use to get aboard are too gnarly for me to suggest an entry strategy overnight, but you can tune to the chat room 24/7 for potentially tradable ideas in real time. Please note that there are two bigger-picture rally targets above 2147.50 that remain viable: 2169.25 and 2250.00. _______ UPDATE (June 9, 7:41 p.m. EDT): Zzzzzzzzzzz. No change.
