A three-day rally has transformed the hourly from amorphous and more or less useless into a veritable cornucopia of price information.  The data suggest the futures are bound for a very shortable 1219.25 (A=1171.00) now that they have made suet out of midpoint resistance at 1199.50.  Night owls please note that a 1207.75 print trips an entry signal for a potential ride to 1209.50 (a midpoint) or perhaps even to ‘D’ at 1213.00.  _______ UPDATE (2:09 p.m. EDT):  The weak midpoint resistance at 1209.50 has precisely contained the rally so far, demonstrating yet again that this endless bear rally is generating almost zero buying interest.  The modest rally target at 1219.25 should be regarded as an almost done deal, but it could take three weeks for impotent buyers to get there.