March T-Bonds decisively exceeded a crucial threshold at 145^10 that I’d noted here earlier, generating a bullish impulse leg on the daily chart for the first time since November. Buyers exceeded an ‘internal’ and an ‘external’ peak, suggesting there’s some gumption behind this rally. What would it take to end the bear market? From a Hidden Pivot standpoint, the upthrust would need to get past the 147^23 peak that I’ve labeled in the chart; moreover, it would need to do so without correcting significantly along the way. Rather than pretend we’ve got a crystal ball, let’s let the futures tell us whether the big picture has changed significantly.