My minimum upside target for the near term is still 771.75, or 778.00 if any higher.  (For the June contract, the equivalent numbers are 769.00 and 774.25.) The futures would need to do a little better, however, touching 786.75 today or tomorrow, to affirm that the week-old push from  672.00 is not just the fleeting, reflexive bounce that we suspect it is.  Please note as well that the correction would need to go quite a bit higher, touching 837.00 (833.00, basis June), merely to retrace 0.618 of the 2009 bear begun from 943 in early January; and to 794.00 (790.75, basis June)  to retrace just the second phase of the decline, from 861.25 . That last number would become my minimum upside objective if the Hidden Pivot at 778.00 is exceeded.  Alternatively, if the futures fall hard this week, the first important hidden support comes in at 704.50 (702.00, basis June), although there might be lesser supports where we could attempt to bottom-fish with relatively little risk.