A rally to at least at 892.75 still looks like a lead-pipe cinch, but the target is probably too well advertised by now to short with a microtight stop-loss. Since it’s conceivable that the mass psychosis driving this bear rally will not abate merely because it has encountered a Hidden Pivot with some stopping power, we should have a back-up target in mind. For this purpose we shall use 919.50, a Hidden Pivot, and it should be considered a lock-up if the futures close above 892.75 on the same day they have finally achieved it. I don’t expect that to happen, but if it does, bears should get out of the way.
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