Wednesday’s punk performance suggests bulls are ready for rest.  Even the obligatory short-squeeze dog-and-pony show on the opening failed to lift the futures to a modest midpoint pivot at 3164.88. A pop above it, however unlikely, would put the 3266.75 target shown in play. Otherwise, expect a breach of C=3063.00, then, probably, a weak rally after bulls have been stopped out.  It could provide an enticing opportunity to get short, so tune to the Trading Room discussion if you want to participate.