The bullish pattern shown may not win any beauty contests, but it’ll do just fine for projecting a minimum rally target at 2406.50 with 95% confidence. Using the lower point ‘A’ shown would yield a somewhat higher target at 2417.75, but in either case the trend has already pushed past the midpoint pivot with such force that a run-up to the respective D target is not in doubt. The lower number would be a new all-time high, but we shouldn’t expect it or the other pivot to contain this rampage merely because they are such clear Hidden Pivot resistance points. Night owls looking to get long could try a ‘mechanical’ bid at 2376.50, stop 2365.75, but I doubt we’ll see such a generous pullback ahead of the next surge.
