Friday’s low occurred at 1372.70, just above where we’d sought to bottom-fish, and although the target itself remains theoretically valid, we’ll put it aside because it is no longer fresh.  Starting the new week, the burden of proof still lies with the bulls, and they’ll need to push above 1401.50 to generate an encouraging impulse leg on the intraday charts.  Even more constructive would be a two-day close above 1410.25, a midpoint resistance associated with a short-term rally target at 1448.00.