Zzzzzzzzzzzz. Sometimes after a quick rally-and-retracement the follow-up leg takes so long to reach its Hidden Pivot target that we forget it’s there. Make no mistake, however:  The 1884.75 target shown is what the futures appear to have struggled all week to achieve (or perhaps exactly 1894.00, an alternative target). Yesterday’s gratuitous swings brought the June contract inches closer to this very modest goal, presumably so that the week can end with enough excitement to put a spring in our step and a song in our heart as the weekend begins. Note that despite the surly pointlessness of yesterday’s price swings, the futures managed to exceed a bullish threshold I’d mentioned earlier at 1882.50 by a single tick. That made the four-hour slog that followed ostensibly corrective and therefore, at least in theory, a buying opportunity. However, because four such opportunities died trying to get off the launching pad yesterday, I’m not going to pretend there might be something interesting for you to do today. Instead, we’ll let the press tell yesterday’s story in their inimitable way, avoiding as always the inference that the stock market 90% of the time is a dead zone, as bereft of meaningful activity as a tumbleweed farm. _______ UPDATE (10:52 a.m.): On the hourly, a major target at 1970.50 is coming into focus. (A= 1725.25 on 2/5/14). This pattern has a midpoint resistance at 1287.00, which is where ES appears to be stalled.