I’ve recalculated the 14085 target as carefully as possible and come up with a new one, slightly higher, at 14098. It is short-able, but only via camouflage in a corresponding vehicle. (Note: We are already effectively short the Diamonds via some put calendar spreads.) The target is interesting because it would be odd for the Indoos to take such a puny last-gasp leap following a consolidation that has been developing for three weeks.  Stranger things have happened, though, and the target should be deemed sufficiently reliable in any case that its easy breach would imply that there is significant buying power remaining to be spent. _______ UPDATE (10:48 p.m. EST): I’ve set a chart alert at 13906.72, since that’s exactly where the hourly chart would turn impulsively bearish today. _______ UPDATE (February 21 at 8:59 p.m. EST):  A low at 13834 generated the bearish impulse leg described above (see inset). That implies that the rally from yesterday’s low is corrective and therefore short-able, presumably via camouflage.  We’ll know whether buyers have been sapped of vigor once we’ve seen how the follow-through down-leg handles the p midpoint support. _______ UPDATE (February 25, 2:02 a.m. EST):  We’ll back away for now, since the gratuitous ups and downs are getting a little freakish, if not to say fetishistically involved with 14000. This is how we’ve been expecting a top to be formed, since there are ten million of us oh-so-eager to get short.  However, if we do so at these levels, it’ll be strictly on the basis of Hidden Pivot targets, of which there are no especially useful ones at the moment.