There is absolutely nothing to like about this market, but bears shouldn’t give up hope that it will do the right thing via a thousand-point decline one of these days. Just don’t expect trumpets to sound beforehand, tipping you off in plenty of time so that you can comfortably get short and enjoy the show. The 675.50 target given here earlier is still where I think this cinder block is headed, and the last-ditch support is still 809.00, the midpoint pivot of the larger pattern. Night owls please note: On the hourly chart, the futures look like they want to run up to 851.00. That’s a Hidden Pivot, and it is short-able if the pattern that produced it does not get too badly bent out of shape Thursday night. _______ UPDATE As of 3:30 a.m. EST the futures were diving, having apexed at 826.75 — precisely where they were trading when the above analysis was published. The downtrend promised to reach 809.25, at least, but bottom-fishing there is not recommended, since the pivot is closely concident with the 807.50 bottom of Thursday’s short-squeeze.