I proffered rally targets as high as 230.08, or even 269.40 in my last tout, but we’ll lower the bar a bit just to be cautious. Mainly, it’s a case of the FAANG/lunatic stocks having difficulty making headway and providing no leadership for the broad averages recently. The nearest significant Hidden Pivot resistance for this vehicle lies at 217.67, equivalent to a DOW rally of a little more than 300 points, and we should trade with a bullish bias until it is reached.  There have been no ‘mechanical’ buy signals as yet, but we can respond to the opportunity intraday if this occurs. Stay tuned to the chat room if you care. The target is sufficiently clear and compelling that we should have no qualms about getting short there — tightly stopped — if and when it is reached._______ UPDATE (July 9, 6:06 p.m. EDT): Last week’s thrashing and flailing generated a bullish impulse leg that is additive to the larger pattern projecting to 271.67 noted above. However, traders who used the smaller pattern to  generate a buy signal would have been stopped out three times trying to get off the launching pad. DIA tripped yet another buy signal at 213.86 on Friday off these coordinates on the hourly chart: A=211.70 (6/29), B=215.38, and the signal would grow in significance if there’s a follow-through on Monday that exceeds p=214.78, a midpoint Hidden Pivot tied to a target at 216.62.  We’ll let DIA tell us how it’s feeling before I provide further trading guidance._______ UPDATE (Jul 10, 7:03 p.m.): The intraday high fell slightly short of my 214.78 benchmark before dropping back into a shallow correction. We’ll give the uptrend another day or two to either fly or die, but the longer DIA hovers, the more likely the next move of consequence will be down.______ UPDATE (Jul 12, 10:15 pm. EDT): This morning’s gap-up opening took DIA out of hovering mode, launching it toward a 216.36 Hidden Pivot target that looks all but certain to be reached. Keep in mind, however, that there’s a 217.21 (or alternatively 217.67, as noted above) target of a much larger pattern that could impede any further, immediate upside.