Yesterday’s short-squeeze rally looked gutless, since it died three pathetic ticks short of a bullish impulse leg on the hourly chart. However, DaBoyz will undoubtedly try to pop this brick again today, since there were no pullbacks on Thursday big enough to let shorts off the hook. Whatever happens, we should set aside the 1295.25 downside target given here earlier, since the actual low at 1298.25 will probably stand for a while. If it doesn’t, however, you could bottom-fish a Hidden Pivot at 1292.75, provided 1313.25 (aka point ‘c’) hasn’t been exceeded to the upside overnight.