The trend, of course, has been up, although not in a way that can be ridden by traders who take risk management seriously. Each new marginal high has been followed by a dive several times the size of whatever incremental gain could have been made by staying long. In these challenge conditions, we are still preparing to short an important-looking Hidden Pivot resistance at 2561.25 with a stop-loss of (officially) 1.0 point. You can widen it to suit your appetite for risk if you’ve made some bucks on the way up. For purposes of getting long via a ‘mechanical’ trigger use the pattern shown. It has already tripped one buy signal at the green line, but the look of it encourages me to think it would work a second time, stop 2539.00. _______ UPDATE (Oct 11, 4:36 p.m. EDT): No change. The ‘mechanical’ trade suggested above very narrowly missed triggering when the futures came down to within two ticks of the green line (2543.75), generating an intraday low at 2544.25. _______ UPDATE (Oct 15, 6:30 p.m.): Last week’s astoundingly boring, ratcheting rally has changed nothing in the outlook and strategy given above. _______ UPDATE (Oct 18, 5:28 p.m.):   The futures topped today at 2562.25, exactly one point above our longstanding target, quickly stopping out the short for a $200 loss on an implied four contracts. If subscribers used the target differently, or even cared about it, no one mentioned it in the chat room._______ UPDATE (Oct 19, 8:20 p.m.): The nearest Hidden Pivot resistance above lies at 2565.50, which would be a marginal new record high. Let’s see if this mysterious impediment can reverse the tide. It will have head-fake perfection going for it, since every trader on earth will be quite bullish if the futures break out following today’s wicked, v-shaped bottom. _______ UPDATE (10:58 p.m.): A short-covering rally late Thursday night has pushed the futures into record territory — somewhat unusual for the night session.  The nearest significant Hidden Pivot resistance lies at 2581.00, but if it fails to stop this rampage, a 2619.75 target will be in play (daily chart, A= 2485.00 on 9/25; B=2562.25 on 10/18).