Judging from the way stocks tumbled on Thursday, everyone must have been at least as bullish as I was the night before. And why not? With the July Fourth holiday just ahead, seasonality strongly favored a rally. Alas, it was not to be. I doubt the selling will snowball in the days ahead, however. Actually, in after-hours trading, the futures tripped a ‘counterintuitive’ buy signal tied to a modest rally target at 2453.75. Night owls who trade this vehicle should factor this into their game plans, along with the assumption that buyers will be able to push this vehicle at least to the 2428.00 midpoint Hidden Pivot straightaway. A decisive penetration of that resistance on first contact would strongly imply a continuation of the rally to 2453.75 over the next day or two. _______ UPDATE (Jun 30, 10:39 a.m. EDT): The futures rallied this morning to a so-far intraday high of 2428.25, a single tick above what we expect (see above) at a minimum for counterintuitive trades. They subsequently fell 10 points, implying bulls are lacking in enthusiasm and buying power this morning. The 2453.75 rally target continues to obtain nonetheless and will remain viable as a price objective unless 2402.25 is breached to the downside. Assuming the futures head moderately lower without exceeding the 2428.25 point ‘C’ of the pattern, the midpoint Hidden Pivot support lies at 2407.00. You can bottom-fish there with a 2407.25 bid, stop 2405.75.