Wednesday’s trampoline bounce off a bear-trap opening bar turned the hourly chart bullishly impulsive once again. Notice, however, that buyers have stalled near the midpoint Hidden Pivot of the pattern shown. It projects to 1255.80, and I’d lay even-odds that number will be reached by no later than Monday if Thursday begins with a thrust exceeding 1239.00. A print at that price would generate yet another impulse leg, and with it a possible opportunity to get long on any subsequent pullback to either the red or the green line.
