We began last week with an ambitious bull-market target at 6102, but heavy selling on Thursday nearly negated the bullish pattern from which that Hidden Pivot was derived. It is still theoretical viable, but I doubt it will survive. That would imply a trend failure at a midpoint of daily-chart degree [p=5913), a usually reliable indicator of an important trend change. Now, if minor ‘D’ corrective targets start giving way easily, we would have reason to infer the long-term bull cycle begun in March 2020 is over. I will be tracking this closely, so keep your email ‘Notifications’ switched on and stay close to the chat room if you want to stay apprised in real time.