The futures continued their waft toward 848.25, a Hidden Pivot that looks like a high-confidence target, although not quite a hula number. Around 1:30 a.m. Thursday night, the rally was an a modest retracement, creating minor abc patterns that do not seem well suited for bottom-fishing.  However, if someone put a gun to my head and said, “Make a profitable trade, or else!” I’d probably attempt it at 820.00.  That is the ‘d’ target of a very delicate pattern on the five-minute chart. Here are the price points:  a=829.00 (9:20 p.m. EDT); b=823.75; c=825.25. _______ UPDATE:  The futures took a 4-point bounce off 819.00 on their way lower, so the recommended trade was not a clear winner. Weakness persisted on the opening after reality evidently dawned on investors in the form of glum consumer spending figures. The numbers threw cold water on the uber-crackpot notion that shoppers were somehow going lead the economy out of the woods.  There were no useful downside targets an hour into the session, nor was there even a bearish impulse leg on the 30-mnute chart. This suggests that bears were vulnerable to a trap unless the tempo of the selling picks up (which it well could).