The 1154.30 target given here earlier can serve as a minimum upside target for the near term although the very minor trend is bearish as of 9:20 p.m. EST. That’s nothing a two-day close above 1126.00 wouldn’t cure, but until that happens we shouldn’t jump to conclusions. In the meantime, night owls can try bottom-fishing with an 1117.60 bid. The provenance of that Hidden Pivot is shown in the chart. _______ UPDATE (3:47 p.m. EST): The futures never quite got down to our bid, rallying instead from an 1118.20 low. The day-session close above 1126.00 is a positive sign, as noted.