The correction from yesterday’s highs looked to be struggling against a buoyant tide at 2 a.m. The target of the downtrend was 790.50,  but we’d risk a few ticks bottom-fishing at its the midpoint sibling, 799.25, especially if that price were hit in the dead of night.    If the futures were to turn higher without having gotten down to the midpoint, the rally should be presumed bound for at least 822.50, and possibly to as high as 843.75 by Thursday. _______ UPDATE (4:14 a.m.): The futures have rallied six points after making a delicate low not far above the 799.25 midpoints flagged above.  I’ll suggest canceling bids there, since we should generally look to get on board on the first pass. The reversal from above the pivot is mildly bullish but would become much moreso  if the rally goes on to exceed 812.25. _______ FURTHER UPDATE:  The futures shot up 15 points on the opening on more Geithner doublespeak, peaking initially one tick beneath the 822.50 target given above.  They subsequently pulled back six points before making a marginal new high at 823.50.  Now, 843.75 is my minimum objective (and thence 855) , although as of 12:45 p.m. there evidently were still too many bulls on the bandwagon for the futures to leap anew.