Hidden Pivots are less important to our immediate outlook than the March 17 low at 1237.50.  It begs to be tested, although we should monitor the lesser charts for signs of the corrective rally that could come at any time. It would take a print at 1268.25 to touch one off today, although the external peak associated with that number looks too obvious to give the canny buyer good camouflage. The peak can be found on the 5-minute chart on June 15, at 12:10 p.m. EDT.