Consumer sentiment data for March will be released at 10 a.m., but even if the numbers are awful, they are unlikely to alter a bullish trajectory that returned with a vengeance early in the week on frenzied short-covering. Despite this, traders should pay close attention to price action at the 2375.75 Hidden Pivot resistance shown in the chart, since it has the potential to cap buying, at least for the near term. It could conceivably turn out to mark an even more important top, since all of the price action since March 1 has occurred below a major target at 2404 that was missed by just a few points.
