Our bottom-fishing bid at 1345.25 missed the intraday low by two ticks, so officially we did nothing.  Keep in mind that this weakness has proceeded from within two points of a 1371.00 Hidden Pivot resistance I’d flagged as a potentially important turning point. Although I qualified this by saying the odds were against our catching the exact high of the now 26-month-old Mother of All Bear Rallies, there is always that chance. In any event, the bounce from a clear target yesterday has tipped the odds mildly bullish for the very near-term.  There are no opportune entry spots that I can detect at the moment, but night owls wanting to get long using “camouflage” should reference the look-to-the-left peak highlighted in the chart. _______ UPDATE (2:43 p.m. EDT):  Today’s weakness should produce a tradable low at 1327.25 (stop 1326.65), although getting this brick to actually fall today has proven to be quite a task for sellers.  The fact that it has fallen at all suggests that bearish cyclical forces may be at hurricane strength.