The Hidden Pivot at 936.60 shown in the chart was a logical place for yesterday’s rally to top, so we shouldn’t be overly optimistic coming in this morning now that the spiky high at 931.40 has missed our number on the first try by more than five points. The target itself remains viable nonetheless, and we can all breathe easier if it gets hit or exceeded today. Alternatively, the futures would need to fall to 915.90 by day’s end to turn the hourly chart bearish.