There was nothing brewing in the news Sunday night to augur yet another flight to “safety,” but if traders are nonetheless about to plow still more of their mostly cost-free money into T-bonds, they’ll telegraph it by popping above 122^22, the midpoint resistance of the bullish pattern shown in the chart. This Hidden Pivot will remain valid as long s the point ‘C’ of the pattern, 122^22, is not breached to the downside. Alternatively, if the pullback begun from last Wednesday’s highs continues, night owls could try bottom-fishing at 120^19, three ticks below a midpoint support (shown) whose correction ‘d’ sibling lies at 119^14. I am not suggesting that you bid at the midpoint itself because it lies just a single tick beneath the structural support of a prior low. ______ UPDATE: We did nothing, since the futures traded no lower than 120^25.