For the last seven hours, the futures have been screwing the pooch near 1246.75, a Hidden Pivot target that I disseminated in the chat room yesterday with the futures trading nearly 20 points higher. You should trade this tedium only out of acute boredom, but please note that just a little more downside — specifically, anything below the 1237.50 low recorded on St. Patrick’s Day, would generate an impulse leg powerful enough to sound the death knell for the 29-month-old Mother of All Bear Rallies.
