Yesterday’s near-miss dampened my ardor for shorting a Hidden Pivot at 1212.50.  This rally target is still valid in theory, but the trade would have felt best if it had been initiated mid-day yesterday and been followed by a nasty reversal.  Give it a 1214.25 stop-loss if the opportunity should present itself today, but don’t expect too much. A better opportunity may await night owls, and I would therefore encourage you to exploit the possibility that yesterday’s  high at 1210.50 will prove to have been an important top. This implies risking a few ticks on any abc downtrend(s) that show up on the lesser charts before the start of Friday’s regular session.  If I have judged Mr Market correctly, and if a major top is indeed in, he will make it extremely difficult to get short, using the weekend caesura to screw nearly everyone.