Bolstered by inflation news that sent stocks into a tizzy, TLT made dramatic progress last week toward the 95.40 target shown. The durability of this Hidden Pivot target will test bulls’ mettle, as will an ‘external’ peak at 95.02 recorded back in late March. Together, they will offer formidabe resistance to the uptrend, and their breach would signal a continuation of the rally. The next significant structural resistance above 95.02 lies at 96.40, and thence 98.67. There are voodoo number between each of these peaks where TLT can be shorted (or T-bond equivalents bought), so stay tuned to the chat room if you’re looking for real-time guidance.