The futures dove hard yesterday afternoon after rallying moderately. The Wall Street Journal was hard-pressed to explain it, but we know better, since  a purely technical target at 1074.50 that was proffered here very nearly marked the top. The decline may have jolted some traders, but in Hidden Pivot terms it achieved nothing of interest on the hourly chart. A print down at 1047.50 was needed to turn the hourly chart bearish, but panicky sellers could muster only 1055.25.  As of early Wednesday evening, there were no compelling spots to try bottom-fishing. A midpoint support at 1055.75 was too close to the intraday low,  although its ‘d’ sibling at 1051.25 might be serviceable if you’re bored enough to force the trade.