The futures receded timidly yesterday after bullying a minor midpoint resistance at 1163.25. The overshoot was just three ticks, but if buyers had kept going they might have rampaged all the way up to…1167.00!  That’s a Hidden Pivot target of minor consequences, but as we pointed out in an intraday update, it’s within spitting distance of the 1169.25 print that would turn the daily chart unambiguously, impulsively bullish.  We advised camouflageurs to take a few small shots at these levels, since, even though there’s no strong evidence the futures are about to pop, we’ll be getting great odds. Keep in mind that if stocks do get short-squeezed, the drama is all but certain to occur overnight, shutting out most of the trading world. Accordingly, night owls should be prepared for a bullish reversal from 1255.25, a ‘D’ correction target shown in the chart. The downtrend has stalled precisely at the 1258.00 midpoint, so there’s a possibility the turn will come from these levels. _______ UPDATE (10:36 a.m. EST):  The correction has overshot 1255.25, creating a new (and potentially tradable) downside target at 1246.25. Camouflageurs might look to get short if the upward correction of the moment hits 1250.75, a p midpoint associated with 1246.25. (Note:  Within 45 minutes of the above update, during the weekly tutorial session, we got short via camouflage. You can see how by reviewing the recording of the session. It is accessible online to all who have taken the Hidden Pivot Webinar and who are registered.  Hitting these highs and lows within a tick or two is a simple parlor trick that you too can learn in a month. Click here if you think you’re ready to try.