The futures showed surprising resilience yesterday, considering that bulls (and bears) got sandbagged on a gap-up opening. It was predictable that the bulls would fail to recover fully from the blow, since they came in all fired up on the heels of a two-day correction. However, we might have expected their losses for the day to be larger, since the reversal was so swift and punitive, coming as it did in the oprning minutes of the session, and off a fleeting high above Wednesday’s. All in all, I see latent strength here, even if the futures have to come down to a Hidden Pivot at 984.00 today — six points beneath yesterday’s low — to base for the next short-squeeze. If, instead, they hit 999.25 first, that would imply buyers are likely to carry the day — and the week — with a push to as high as 1014.25 (a Hidden Pivot).