The futures were in the throes of a minor shakeout Sunday night, headed toward a Hidden Pivot at 800.50 that can be bottom-fished with a stop-loss at 798.75. The trade can be done straightforwardly if the target is hit before Monday’s opening bell, but it may require some speed and agility if our number arrives amidst the expected rowdiness of the first hour.  Looking at a bigger picture, the rally target at 848.25 mentioned in today’s commentary (and earlier) will remain valid as long as  787.00 is not exceeded to the downside. Please note that the 800.50 target is not chopped liver, and its easy breach would be telegraphing more weakness.)  _______ UPDATE:  The mini-contract got almost no bounce whatsoever from 800.50, stopping the position out for a loss of about $100. The downtrend subsequently created a weak impulse leg on the hourly chart by exceeding last week’s 787.00 low on the second attempt. If the Administration’s allegedly “tough” stand on an auto bailout is the cause of this selling, as has been inferred, then the weakness must be bought, since there is no way Obama is going to let the industry die.