The corrective pattern sketched out here on Friday is not playing out as we’d wanted, since the c-d midpoint where one might have attempted bottom-fishing is too close to last week’s lows to be of much value.  The short-term bias remains bullish nonetheless, since the futures’ spirited recovery into day’s end created an impulse leg on the hourly chart.  If they can push above a midpoint resistance today at 1048.00 without dipping below  1035.40 first, look for follow-through to at least 1053.80, and thence to 1057.70, my best-case target for today. _______ UPDATE(8:35 a.m. EST):  The futures have exceeded the highest target I was able to project for this morning using the lesser charts, implying there are larger forces at work. If so, a Hidden Pivot target at 1111.90 is logical, and the accompanying chart shows its provenance. Two benchmarks can tell us whether the rally is on track to deliver 1111.90:  the October 26 peak at 1060.80 whose breach is needed to refresh the bullish impulse on the hourly chart; and, a close above the 1069.40 midpoint associated with the 1111.90 target. Latecomers may have trouble getting aboard this morning, however, since the correction from overnight highs is not generating any down abc pattern even on the 3-minute chart.