The loony short-squeeze off Friday’s lows looked likely to produce a second leg up Sunday night/Monday. If so, we can use a Hidden Pivot at 789.25 for a minimum target, assuming it is confirmed by a move through the target’s sibling midpoint, 776.25. That’s 2.50 points beneath Friday’s day-session high, so night owls could use a print at that price as a “hidden breakout” for purposes of getting long. _______ UPDATE: The loony short squeeze made it to within less than three points of our target before relapsing (so far) by nearly 50 points. Remember, any rally that doesn’t exceed at least two prior peaks on the hourly chart is a phony — the kind of suck-in rally that at this point could fool only CNBC’s benighted minions.