A 1581.20 target we’ve been using as a lodestar implies that the futures could swoon to as low as 1446.10 — its sibling midpoint — without affecting the bullishness of the daily chart. More immediately, however, I’ve projected clear sailing to at least 1518.70, a Hidden Pivot with somewhat more heft than the one at 1509.50 that contained Friday’s surge. Day traders can attempt shorting with a stop-loss as tight as 1519.10. If it is easily surpassed, however, we should infer more upside over the very near-term to at least 1529.40. Alternatively, if the futures ease Sunday on Sunday, night owls can try bottom-fishing at 1499.70, stop 1499.10. _______ UPDATE (4:45 p.m. EDT): The futures dove after topping yesterday at 1519.20, five ticks north of my target. This warrants moderate caution, since a downturn from any rally target could always conceivably be the start of a significant correction. My update for tomorrow will provide some specific numbers by which we might determine the power (or lack thereof) of this pullback.