Yesterday’s rally to 1170.70 was over before it began for those who lacked the wizardly prescience to have gotten long at the end of Friday’s session. The fright-wig selloff that ensued has been technically gratuitous so far, but it gives us a mediocre Hidden Pivot for bottom-fishing Monday night at 1154.10. A two-tick stop-loss is suggested, since any lower will pick up interference from Friday’s 1152.20 low.  That the so-far unsurpassed benchmark at 1171.80 flagged in yesterday’s tout remains crucial to the short-term picture has now been proven beyond a doubt.