When I mentioned in today’s commentary that we would monitor the market’s vital signs very closely I was serious, since it wouldn’t take much to put the extravagant forecast I’ve  made for the Dow on ice. To that end, I’ve identified an 1175.12 “danger threshold” for the S&P 500 Index, but for the mini-futures the equivalent would be  1170.75. That’s a tick beneath a low on the daily chart recorded on April 8. More immediately, based on the futures’ uptrend at the close, we should look for buyers to take this vehicle up to at least 1198.50, a Hidden Pivot resistance that can be shorted with a stop-loss at 1199.25.  Night owls should note that the midpoint lies at 1191.50 — just two ticks below the so-far after-hours high.  _______ UPDATE (11:41 p.m. EDT):  Here’s a short I am recommending to night owls that will pre-empt the one at 1198.50:  Short 1196.25, stop 1197.25.  This pattern is a beauty, derived as follows with the 5-minute chart:  A=1180.00 (April 28, 12:10 p.m.); B=1192.00 (2:30 p.m.); and C=1184.25 (3:55 p.m.). ________ FURTHER UPDATE (11:01 a.m. EDT):    We lost $50 on the trade.  Looking back on 20 years of Hidden Pivot forecasting, the failure of 1196.25 to stop the rally even briefly ranks as a stunner, since the pattern was close to perfection.  Anyway, what it means is that bears had better not get their hopes too high right now.