Slithering higher on zero volume Thursday night, the futures were doing what they do best: achieving gains that might have been denied them in the light of day. Pivoteers might notice that the shallow correction from Tuesday’s peak was actually sufficient to have recharged the futures for yet another flight of fancy. The implied rally looks too steep to believe — more correcting seems needed, visually speaking — but if Friday Follies produces a short squeeze nonetheless, you should use a Hidden Pivot at 1245.50 as a minimum objective. Its provenance and pedigree are shown in the accompanying chart, and it’s shortable with a three-tick stop-loss.