This vehicle has been very accommodating lately, allowing us to catch some nicely tradable swings with great precision.  Yesterday we shorted a Hidden Pivot target at 1175.75 with a 1.50-point stop-loss that proved more than adequate.  If you initiated the trade on a single contract, use a fixed stop at 1163.00, switching to a four-point trailing stop when 1155.00 is hit. If you entered on four contracts, which is implicit unless I have specified otherwise, cover two of them at these levels, tie another to the same conditions governing the single-contract short, and let the remaining contract ride.  Our paper gain on the position at these levels is $3150. ________ UPDATE (9:48 a.m. EST):  Da Sleazeballs ran the futures higher overnight on zero volume — that is what They do best, even if it is Their only trick — and so we exited the single contract on an 1163.00 stop for a theoretical gain of $625.  On the multi-lot position, partial-profit taking has left us short one contract with a 1220.00 basis.  For now, use an 1171.25 stop-loss that is o-c-o with a buy-stop at 1156.00. _______ FURTHER UPDATE:   Our short survived the rally; however, the subsequent plunge did not permit us to cover the contract — for a $3200 theoretical gain — since the low occurred at 1156.50, two ticks above our bid.  We are still on track to beat Mr Market on this one, so don’t sweat it.