The futures exceeded a high-confidence rally target at 1137.25 that we’ve been using for a while — but not by enough to stop us out of the short I’d advised from that price. (The stop-loss suggested was at 1139.25; the actual high was 1138.75.) The position is holding so far Sunday night, but we’ll monitor it closely and stick with the original stop, since it is always more dangerous to initiate a trade on the close — especially on a Friday — than earlier in the day. A move above the target would ordinarily be warning of more strength to come. In this instance, however, any such strength could be short-lived, since its sole source would be short-covering resulting from the relatively shallow pullback from Friday’s high. If the little sonofabitch should break loose, though, brace for more upside to at least 1156.50. That’s a Hidden Pivot that should be shorted aggressively and with a stop-loss as tight as 1158.25.