Friday’s moderate surge speared an important ‘midpoint’ Hidden Pivot at 2457, putting a target at 2512 in play.  If the futures get there it would be equivalent to a Dow rally of about 400 points that would leave the blue chip average trading just above 22,000.  I would regard 2512 as a lock-up if the the September contract can close above 2457 for three consecutive days, or hit 2469 intraday. A pullback to the green line would trip a ‘mechanical’ buy, but we’ll wait for it to happen before we plot a less risky way to use the signal, since the by-the-book trade would entail nearly $1400 of theoretical entry risk. There are no easy, subtle hooks for a ‘camouflage’ entry at these heights, since the ‘external’ peaks we might use for that purpose are non-existent. To qualify as a full-fledged blowoff, the move to 2512 would have to occur by mid-week. That would make the target an even more enticing short, but we should try to get a piece of the rally before we drool over the prospect fading it.