By day’s end the futures had cruised past no fewer than three external peaks on the hourly chart, implying that bears are in for a rough patch. There are no particularly promising Hidden Pivots to reference at the moment as rally targets, but we should be attentive nonetheless to any opportunity that arises to short this hoax yet again with relatively little risk (much as we did from 1371.00, and again from 1358.25, two key highs since a presumptive bear market began in early May).  If we work a “reverse” ABCD pattern along the lines shown, the minimum upside objective is 1334.50. This technique is used by some chartists and traders and works some of the time, but not nearly as consistently or reliably as the conventional method that we usually use.