The hourly chart leaves little room for conjecture, since a rally target at 1071.00 meets all the rules. The futures easily got past the 1055.00 midpoint pivot, implying the target is in-the-bag.  Assuming it is reached, any further projections will be based on how quickly the futures chew through it. However, if buyers act like this hidden resistance isn’t there, my bias would turn moderately bullish — an upgrade from my current, go-along bullishness.  Shorts from 1071.00 can use a stop-loss at 1072.25. _______ UPDATE (8:46 a.m.):  The rally went to 1069.50, and although the 1071.00 target is still valid in theory, I wouldn’t advise trying to short “sloppy seconds”. It is not a bullish sign that DaBoyz had to abandon this morning’s sleazy short-squeeze project just shy of the target.