A corrective pattern begun in the wee hours reversed from within three ticks of a 1422.60 midpoint (see inset), providing encouragement to bulls. However, if the c-d low fails to hold, expect the selling to continue to at least 1416.20, a Hidden Pivot that can be bottom-fished with a stop-loss as tight as four ticks. The most bullish alternative for the near-term would be a pop tonight above a very obscure (5-min chart) look-to-the-left peak at 1429.50.