Amazon’s impressive leap on Thursday left it within easy distance of an 819.90 target first broached here a month ago with the stock trading around 760. If it pushes past this Hidden Pivot resistance with little effort, or closes above the pivot for two consecutive days, an even more ambitious target at 885.19 would become my minimum upside projection. Over the past year, I’ve offered numerous rally targets because there are at least a half-dozen ABC uptrends in different time frames simultaneously pushing AMZN higher. The one at 885.19 bears close watching, however, because it is so near a target of lesser degree at 875.20. The implication is that the stock could make its bull market top within that 10-point range, presumably at one number or the other. It also gives the target range enough ‘magnetic pull’ to get the stock there relatively quickly, meaning within two to three weeks. Because Amazon is arguably the most important stock market bellwether of them all, my bullish forecast implies that the broad averages have at least one more strong upthrust left in them before we might see the re-emergence of the bear after nearly seven years of hibernation. If bulls surprise by obliterating the 885.19 resistance on first contact, they would still face one more hurdle in the form of a midpoint Hidden Pivot at 896.71. Above that number, however, it would be clear sailing all the way to 1018.31 — a 25% move. If the Dow and the S&P 500 were to rally proportionately, the former, currently trading for around 19,891, would hit 24,863; and the latter, currently at 2270, would top out at 2837._______ UPDATE (Jan 18, 10:04 p.m.): The stock has pulled back $18 so far after marginally exceeding our ‘easy’ target at 819.00. The final stage of the upthrust did not exceed any prior peaks — that would have required another $10 of upside — so I have turned cautious for now.  _______ UPDATE (Jan 23, 8:51 p.m.): AMZN has spent a week consolidating for a push to as high as 835.58 over the near term (see inset, a new chart). Traders can use a pullback to the green line, stop 803.43, to get long. The target will become an odds-on bet if buyers blow past the red line at 819.51. That could also set the stage for a ‘mechanical’ entry opportunity at the red line provided our retracement criterion is met. _______UPDATE (Jan 25, 11:40 p.m.): Today’s dramatic leap topped at 837.42, nearly $2 above the target we’d been using for the last week. The overshoot was sufficient to suggest that buyers are not yet finished. Now, if they can push the stock above the 843.09 peak shown, it would stoke the bullish case even more. _______ UPDATE (Jan 26, 7:49 p.m.): The stock was oh-so-coy today, making a top just 75 cents above our bullish benchmark at 843.09. The breach is barely visible in the chart of an $800 stock, but the fact that it occurred has generated a fresh, bullish impulse leg on the hourly chart (see inset), presumably giving buyers new vigor. Considering Amazon’s arguable status as the most important stock of them all, its performance today holds bullish implications for the broad averages.