Our very own Duke, self-styled trader and family man, nailed the high in the chat room yesterday and thinks it could have been THE top, so we’ll need to pay extra-special attention to the pullback that has ensued. The intraday peak was at 994.00, a bit shy of the 999.50 Hidden Pivot I had suggested using as a minimum upside objective. I wouldn’t quibble about a few points, although a print at 1002.00 would have presented a real problem for bears, since it would have created (and might still create) a fresh, bullish impulse leg on the weekly chart (see inset). The selloff so far has been ineffectual, since it would need to hit 962.25 to damage the hourly chart.  My gut feeling is that the weakness into the close will abate — that it was simply a consequence of too many traders expecting yet another short-squeeze in the final hour. In any event, we’ll set an alert at 962.25 today, come what may.