What the bullish pattern shown in the chart lacks in subtlety it makes up for in robustness.  The pattern is in-your-face obvious, with key resistance at 1074.90 — a midpoint Hidden Pivot that was missed by 12 points at the top of the last rally cycle. This is not a sign of serious weakness, but neither does it portend an imminent show of strength.  A few weeks of tired consolidation would be congruent with the technical signs, and that is what I am forecasting for now. This bland outlook would be affirmed by weakness  today or tomorrow that breaches the 1126.50 low recorded on Friday.  That number lies within three ticks of a midpoint support at 1126.80, and a close below it would grease the skids down to 1106.90, its ‘D’ sibling. Alternatively, and very bullish, would be a rally today or tomorrow that hits 1154.00.  That would create a bullish impulse leg on the hourly chart that would be especially encouraging, since it would relegate the corrective abcd to the failure bin.