Yesterday’s miserable excuse for “action” did nothing to alter my forecast of weakness to at least 1195.00, and a tradable swing low at that price, over the near term. We would adjust our bearish thinking, if not the target itself, on a print today exceeding 1254.50. (There’s a midpoint resistance as well at 1253.00, so a rally that even slightly surpasses the higher number would deserve our attention.) _______ UPDATE: In after-hours trading, today’s bull hoax has so far slithered its way up to — surprise, surprise — 1253.75, three ticks from the midpoint noted above. Night owls can short here with a 1254.75 stop, but please note that this trade is riskier than usual because of the panicky bubbliness of the final hour.