The bull market has gone vertical, suggesting stocks are in a blowoff phase. Where will it end?  We’ll hazard a guess simply because it’s irresistible fun, and because one of these days we’re going to get it right. Let me therefore offer 2953.50 for the June contract, or 2974.25 if any higher. Both seem likely to show stopping power, even if equally compelling rally targets got bulldozed on Tuesday.  The lower number is especially appealing because of the precise stall at the midpoint Hidden Pivot with which it is associated (see inset), and the perfection of a ‘mechanical’ buy signal 40 points below these levels a week ago. ______ UPDATE (Apr 28, 2019): A very major, 3095 target for the cash S&P Index introduced in today’s The Morning Line sits above these targets, although it hasn’t pre-empted them. How much stopping power they show remains to be seen. _______ UPDATE (May 1, 10:09 p.m.): Let’s ignore today’s freakish reaction to non-news from the Fed. It was not bearishly impulsive, although a print today at 2914.00 would change that in a small way.