The rally faded in the stretch in night trading after falling just shy of a 20.80 target — and another of a larger order of magnitude at 21.00.  No matter, though — SI is just giving the bad guys a breather, because they’re going to need it.  Portfolio bulls should take precautions at 21.00, but scalpers can short this Hidden Pivot with a tight stop-loss, since it looks very likely to repel the rally to a tradable degree.  _____ UPDATE (12:42 p.m. EDT):  Check out the chart I’ve just added if you want to see the logic for an intermediate-term high at 22.505. That implies a move above March 2008’s watershed peak at 22.055, but we can be confident that resistance will be tested, and that it will eventually give way.