ESH18 – March E-Mini S&P (Last:2726.00)

Buyers continue to shred their way past Hidden Pivot targets without pausing for a moment’s breath. I will continue to proffer these benchmarks nonetheless because: 1) their steadfast bullishness can help permabears stay out of trouble; 2)  they can serve as minimum price objectives for bull trades; and 3) they can be shorted with stops as tight as 1.25 points. All of which you should consider in relation to my latest target: 2743.25. That is where the futures are headed at a minimum, although I can’t guarantee the target will show decisive stopping power. If bulls chomp through it effortlessly, you should take it as yet another sign that significantly higher prices impend.