Bears are on a roll!  That’s two down days in a row — about as nasty as it gets any more.  Actually, there may be more weakness on the way. Notice that the ‘structural’ support the futures were testing in after-hours trading Tuesday lies in a too-obvious place (see inset), a single tick above the bear-trap low recorded two Sundays ago. It looks too flimsy to survive till morning.  Accordingly, night owls looking to short the next leg down should try attempt it at the ‘d’ target of whatever rally develops overnight on charts of 5-minute degree or less. I have sketched this hypothetically on the hourly chart for your guidance, but ace Pivoteers will likely be able to improve on the lesser charts. _______ UPDATE: So much for the bears’ winning streak. Yesterday’s squeeze was sufficiently vicious that they’ll likely be on the ropes for the rest of the week. The nearest rally target lies at 1998.25.