Yesterday’s bottom at 1241.25 came off a Hidden Pivot that was precise to-the-tick (see inset).  If the futures continue lower today, expect the same precision relative to the 1231.00 target shown in the chart. A relapse to that price could yield an excellent buying opportunity. Alternatively, bulls would seize the offensive if they can pop the futures above  a small peak at 1263.75 made on the way down yesterday (easily visible on the 15-minute chart). ______ UPDATE (9:41 a.m. EDT):  There being no clear evidence the world was going to end today, stocks have vaulted the ol’ Wall of Worry like Princess Bride’s Fezzik on steroids. As is so often the case, today’s short-squeeze, which got within 1.75 points of a 1275.25 Hidden Pivot target, was mostly over before the regular trading session was more than a few minutes old; thus, most traders, even bullish ones, would have missed it.