The 2171.75 target noted here earlier is all we have at the moment, and it will need to be hit or exceeded before we can move on to the next. If the target is easily exceeded, that would return our focus to a more important Hidden Pivot resistance at 2194.00 first broached here when the futures were trading nearly 70 points lower. If patience is not your strong suit, keep in mind that bull markets spend most of their time in trance-inducing tedium, scuddling sideways nearly 90% of the time. The remaining 10% of the time, they are in short-covering rallies, the only source of buying power sufficient to push stocks through supply to new levels. With no news to catalyze a squeeze right now, price action has been turgid. Just a little drivel from Ms. Yellen, however, and we should see the uptrend resume in earnest. If so, you’ll have the targets given above, along with some others noted here earlier, to guide you.
