The broad average are supposed to do nothing on days when the FOMC has something to say. Instead, just ahead of Wednesday’s 25-basis-point rate hike, the Dow wafted 160 points higher, thumbing its nose at tradition. Perhaps a 160-point rally IS doing nothing these days, since stocks have been rising about five times as often as they fall. The rally was a presumptive downpayment on the 25113 target we’ve been using to stay comfortably on the right side of the trend. If it gives way easily, we could be looking at 27252, the last Hidden Pivot target of significance that can be extrapolated from the weekly chart.