A 1219.25 target broached here last week remains as compelling as ever as a minimum upside target, but it has probably been advertised too loudly and for too long for us to expect it to work precisely.  Even so, since every top is potentially an important one, we’ll stick our necks out with a 1218.75 offer, stop 1220.25.  You could also try shorting a seconday pivot at 1216.00 that just came onto my radar.  I’d give this one just a two-tick stop-loss, since we may be trying again at the higher number. _______ UPDATE:   The trade can stand as suggested, but the funereal pace of the rally to our target has drained my enthusiasm, turning what should have been a simple task into a project.  Please note that rally pivots work best when they are hit cleanly by a feinting thrust rather than being pawed at for fifteen hours.