A rally target at 1174.90 is still our minimum upside objective, although it has the potential to produce an important top. Night owls looking for a way in can test the water at 1136.80, stop 1136.20, provided 1142.50 is not exceeded to the upside first. If the stop is hit and the futures go just a bit lower, exceeding 1135.40, that would turn the lesser charts decisively negative for the near term. _____ UPDATE (2:00 p.m.): My niggardly stop-loss missed the low of a terrific rally by three ticks.  Meanwhile, Harry, weighing in last night in the chat room, had the right idea, since his stop at 1135.80 was protected by a prior low just above it and the round-number stubbornness of 1136.00.