This ETF proxy for the Long Bond has generated its first impulse leg since August with a pop above two prior peaks on the weekly chart. The move is not nearly as strong, and it is no reason to break out the bubbly, but it implies the rally cycle begun from 83.30 in May will achieve a minimum 92.91.  That is an important midpoint Hidden Pivot resistance associated with a big-picture rally target at 102.52. The target comes from a pattern on the weekly chart begun from 82.42 in October 2023. As always, a decisive penetration of ‘p’ on first contact would shorten the odds of a continuation to as high as ‘D’ , but to least p2 (97.82 in this case).