The bear rally has assumed the demeanor of Mr. Hyde at the moment, not so much unpredictable as too skittish to frame calmly in one’s crosshairs.  Even so, we should expect the death dive begun in the final hour of yesterday’s  session to reach 809.75 if it trashes that Hidden Pivot’s midpoint sibling at 834.25 Wednesday night.  So far, shortly before 11 p.m. EDT, the low was 833.00 — probably sufficient for us to infer that lower prices are coming.  If so, you can bottom-fish at 809.75 with a stop-loss as tight as 1.00 point. _______ UPDATE (7:00 a.m. EDT): The futures went no lower than 833.00 overnight and were actually up as much as ten points in a short squeeze aggravated by Credit Suisse’s positive earnings report.  The lies and self-deceptions associated with this news are so thick as to cast a fatal pall over any rally, but we will short it gingerly nonetheless, since applying logic aggressively is just looking for trouble.