The futures were drifting lower at 2:50 a.m. EDT, but as long as they haven’t breached 926.75 overnight, a Hidden Pivot at 982.50 can be shorted with a stop-loss as tight as three ticks or as loose as 1.75 points. The number is the sibling of a ‘D’ target at 1046.25 that would become an odds-on bet if 982.50 is exceeded by more than 2.00 points. I am quite confident in both of these numbers because the pattern that produced them is so obscure. Incidentally, an ES rally to 1046.25 would put the Dow very near the 9955 target we’ve been using as a maximum upside projection for the near term. This being a Friday, no scenario, no matter how crazy, should be ruled out. Pivoteers can find the ES pattern on the 30-minute chart, where A=843.50 (10/28) and B=971.25. (And yes, I know B and C occur on the same bar, but sometimes you have to break the rules.) _______ UPDATE: Today’s strong rally topped two points shy of our short offer. Cancel it, since the Hidden Pivot target at 982.50 now has “competition” from the visually obvious peak that has formed at 980.50. Let’s also stipulate that the futures close above 982.50 for two consecutive days before we infer that something genuinely interesting may be happening.