With a 1371.00 rally target coming into focus, let’s plan on shorting two contracts there with a stop-loss at 1372.25. As always, this should be viewed as a longshot play with the uptrend in the broad averages now entering its 27th month. Since we’re risking 1.25 points theoretical, the first opportunity to take a partial profit would come on a pullback to 1367.25.  However, the remainder of the position could be managed as you please if you feel like swinging for the fences.  I’ve included a chart that shows how pretty the pattern is now that it is almost fully developed.  Note the use of a one-off ‘A’, the integrity of which has already been confirmed by a stall a tick from its sibling midpoint, 1359.00. _______ UPDATE (11:07 p.m. EDT):  With the futures in a quite vicious short-squeeze Sunday night attributable to news of bin Laden’s death, we got stopped out for small change (i.e. , a theoretical loss of about $62 per contract). Consider it the cost of determing the next stop:  1385.50.  That’s a Hidden Pivot, and I’ll suggest shorting a single contract there, stop 1386.25.  There’s always the chance our stop-loss will prove to have been a smidgen too tight, but my gut feeling is that the 2.50-point overshoot of the target is sufficient to imply the next will be reached.