The futures had a fabulous chance to fall apart yesterday, since they were weaker than we’ve seem them on any day since Halloween. Instead, on the hourly chart, the weakness could not penetrate even a single prior low “along the wall” of the last rally. This suggests to me that although there is not enough buying power to move the S&Ps to the next rally target (1132.25), there is even less enthusiasm for hard selling. Friday nuttiness could change this dynamic, but bulls needn’t stir from their sleep unless 1102.25 is exceeded. To the downside, 1073.75 is still where trouble begins. There’s a midpoint support on the way down at 1087.75 (D=1080.25), but it looks too close to some prior lows to be of value for bottom-fishing.