Friday’s $78 explosion topped at 1594.00, two-tenths of a percent from the 1590.38 rally target I’d posted in the Saloon before the opening. The rally looks like it has enough steam to push decisively past the midpoint resistance Sunday night and to continue to either of two targets shown. The first lies at approximately 1645, where the trendline I’ve drawn will come in; the second is a Hidden Pivot resistance at exactly 1660.16. If the stock should push past that last number, exceeding an ‘external’ peak at 1704.99 recorded on December 12, take it as a sign that this rally is destined to be more than your garden-variety short squeeze._______ UPDATE (Jan 8, 9:23 p.m. ET): Buyers demolished both of the resistance points identified above, clearing the way for a potentially nasty short squeeze in the days or perhaps weeks ahead. For starters, look for a test of some important ‘external’ peaks at, respectively, 1704.99 and 1718.93 that were recorded in December. If both are penetrated without much effort, AMZN would signal its readiness to take on December 3’s 1778.34 high and thereupon to become a 40% shot to achieve new all-time highs. Here’s a chart that shows it all.