Friday’s short-covering binge blew past the 2501.50 midpoint resistance (see inset) with such force that there should be little doubt about a finishing stroke touching D=2564.50. I am recommending a tightly stopped short there only to traders who have made a few bucks being long for the ride up. It’s impossible to predict where the futures will open Sunday evening, but it may be possible to get long via a camouflage set-up on the 5-minute chart or lower. In any event, your trading bias should be bullish as the new week begins. _______ UPDATE (Jan 7, 6:57 p.m. ET): The 2564.50 rally target I flagged here (see above) and in the Saloon on Friday morning caught Monday’s high almost exactly. (Click here to see how exactly.) I’d recommended getting short at the target only to subscribers who’d made money on the way up, but there was only one person who appears to have done so, and that’s why I haven’t established a tracking position. The bullish phase of the trade was worth as much as $2300 per contract to anyone who got long when I first aired the target in the Saloon at 11:03 a.m. A short initiated subsequently at 2564.50 could have been covered for a profit of as much as $800 per contract, since the futures pulled back to 2547.25 after topping. If you need further guidance, ask in the chat room. _______UPDATE (Jan 8, 9:16 p.m.): Use the 2616.00 Hidden Pivot resistance shown here as a minimum upside target for the near term. As always, an easy move through so clear and compelling a ‘D’ would imply the trend is likely to continue. _______ UPDATE (Jan 9, 5:24 p.m.) A tedious day, so we lowered our sights to 2604.25, the target of a somewhat smaller pattern. Even with AAPL getting squeezed higher, however, the E-Mini S&Ps were unable to achieve it. This is mildly bearish; however, the picture could change overnight, since, whenever it is required of them, traders have amazingly short memories._______ UPDATE (Jan 10, 10:03 p.m.): Here’s a new chart with a slightly lowered target at 2602.75.