Although the futures are currently down the equivalent of nearly 70 Dow points, it has become routine for me to issue a warning each Sunday night that it is bulls who are manipulating prices lower, the better to exhaust sellers and create a safe bottom for themselves. We also note routinely that we cannot remember the last time that a Sunday night selloff showed any follow-through on Monday morning. That said, the move thus far is impulsively bearish on the intraday charts, though presumably bound no lower than the Hidden Pivot midpoint. It lies at 1146.75 and can be bottom-fished, presumably by night owls, with a stop-loss no wider than 1.00 point. Please note that if the stop is hit, the futures should be considered bound for 1142.00, the target of the larger pattern shown in the accompanying chart. That’s a Hidden Pivot too, and it too can be bought with an 1142.25 bid, stop 1141.75. _______ UPDATE (10:22 a.m. EST): Traders who followed my advice caught the exact low overnight, 1146.75. With the futures currently trading 9 points higher, I’ll recommend taking profits on half the position and implementing a four-point trailing stop once 1157.00 is hit. That will refresh the bullish impulse on the lesser charts. If you initiated the trade on a single contract, use an 1151.00 stop-loss until 1157 is hit, then a five-point stop-loss o-c-o with an order to exit at 1160.25. ______ FURTHER UPDATE (1:22 p.m. EST): Single-contract positions exited at 1160.25 for a $650 profit on the trade. Those who initiated the trade with four contracts should cover an additional contract now, on a 1062 bid. Imputing the gains so far gives us a cost basis of 1113.00 for the single contract (or a fourth of the initial position) that we will continue to hold. For now, use an 1175.75 target o-c-o with a stop-loss at 1157.25. If the futures hit 1166.00, implement a 4-point trailing stop. _______ FURTHER UPDATE (4:OO p.m. EST): The stop-loss was never triggered, so we held a single contract at the close that showed a paper profit of $2450.