I’ve given the 449.52 rally target so much ink that it’s probably time to fixate on a higher Hidden Pivot just in case. It lies at 464.76, which, because of its close proximity to July’s 468.35 record, should not be expected to show precise stopping power. Still, it will lie in the bowel of what we should regard as the ‘discomfort zone’, just shy of the bullish breakout that nearly everyone will be expecting, Whatever hysterical price action this causes will assuredly be tradable, since it is all just impulse legs. However, I will be focused more attentively on movement above the old high, since that would create favorable psychological conditions for the kind of bull trap that wants to take everybody down with it.