After screwing the pooch since December 18, the futures have yet to exceed by more than a single tick the 2698.00 Hidden Pivot resistance we’d used to stay on the right side of the trend.  I’d also recommended getting short there with a stop-loss as tight as 3.25 points. The pullback so far has been relatively shallow, suggesting bulls are unlikely to simply go away.  If they can keep the heat on bears for another day or two, look for the move to continue to at least 2710.50.  Anything above that would imply buyers are starting to feel their oats as the new year gets under way. _______ UPDATE (Jan 3, 9:04 p.m. EST): Much as I hate to see a good Hidden Pivot rally target go to waste, there is no getting around the fact that the 4-point overshoot of my 2710.50 resistance is bullish. I didn’t explicitly advise getting short there because the futures have had such trouble selling off recently. But if the little s.o.b. moves above 2712.50 overnight, I’d cover any shorts you may have held at the closing bell.