An 18.665 rally target we’ve been using for weeks looks likely to be hit within the next day or two. This will be one to watch, since the target is so clear that it is all but guaranteed to show some stopping power, possibly in the form of a tradable reversal.  On the other hand, Tuesday’s strong short-squeeze looks capable of propelling the futures easily past the Hidden Pivot. We’ll see. Were this to occur, it would strongly imply that bulls have plenty of buying power left. In retrospect, Monday’s trampoline bounce would have been easy to catch with a simple ‘mechanical’ bid at the red line. In practice, however, it was hair-raising, requiring a $1500 stop-loss an the daring of someone not scared to catch a falling piano. _______ UPDATE (Apr 16, 8:41 p.m. ET): The futures have opened Sunday evening with a lurch higher that got within 1.5 cents of our longstanding target at 18.665. Let’s see whether buyers can power easily past it, for that’s what it will take to set the scene for a cruise to $20 and beyond.  Regardless, the next Hidden Pivot with stopping power above 18.665 is a minor one at 18.765. It can be used as a minimum upside objective if and when 18.665 is decisively exceeded.