It’s never too early to go on record with an insanely bullish target, especially with so many respectable gurus seemingly convinced The Top is in. Accordingly, I am proffering the 2984.75 target shown just so that we don’t get caught with our pants down if it’s achieved. That would equate to a Dow rally to around 27000. Pivoteers will notice that the futures officially became a theoretical ‘mechanical’ buy on the March 22 pullback to the green line. We opted out because of the $5700 entry risk per contract, but the ‘buy’ signal remains valid nonetheless. If we had done the trade, it would have been with the presumption that ES is no worse than a 50-50 bet to reach the target. Odds would increase to around 60% if the rally exceeds the red line, but we’ll wait for it to happen before jumping on the bandwagon. Meanwhile, yesterday’s seemingly powerful reversal did not exceed a single prior peak on the daily chart. However, that would be remedied in very bullish fashion if buyers are able to push this brick above the 2679.75 peak labeled in the chart.  That’s just 34 points above — an easy chip shot the way things looked at Wednesday’s close. _______ UPDATE (April 5, 5:05 p.m.):  Zzzzzzzzzzzzzzz. The futures were very slowly on their way to the 2692.50 target shown when the bell put them into an even deeper coma. They tripped no fewer than four ‘mechanical’ buy signals intraday, so night owls are likely to enjoy a felicitous ride to the target, even if it requires patience. A ‘camouflage’ entry using the 5-minute (or less) chart is suggested.