Pretty amazing.  The futures had all night and a full day to rally just seven points to a Hidden Pivot target, and yet they somehow failed.  More amazing still is that they will likely continue higher in the days and weeks (months?) ahead despite mounting evidence that there is almost zero buying interest. This seeming paradox exists because short-covering is always lurking in the shadows to pop shares higher. It usually take a little news, any news, to trigger a squeeze, but yesterday there was no news whatsoever. (Granted, Brett Favre won’t be starting tonight against the Giants, but we wouldn’t have expected that story to move the markets.)  The 1250.25 target remains valid nonetheless, and you can try shorting there with a stop-loss as tight as 1.00 point.  However, it is a sign of incipient (and presumably short-lived) weakness that the futures died more than three points shy of an easy target.  The pattern with which it is associated is shown in the accompanying chart.