The $676 target given in today’s commentary comes from the long-term charts, but we’ll use the intradays to project more-precise hidden swing points for the very near-term. The 10-minute chart (see inset) divulges a sequence of Hidden Pivot targets at these three prices: 704.30, 697.70, and 691.20. Each can be bottom-fished at your discretion with a stop-loss as tight as you please, but a breach, by more than 1.10, of any one of them would imply the next is likely to be reached. Alternatively, it would take a rally exceeding 766.30 today to effect a bullish reversal likely to have “legs”. _______ UPDATE: The futures came down hard overnight, bouncing $10 off a low at 704.00 that fell just three ticks (i.e., 0.30) from the first target. They subsequently breached it, trading as low as 695.20, but also reshaping the pattern to produce a new target at 693.70. That’s close enough to the projected low to suggest the selling for today is over. However, the 676.60 target given in today’s commentary remains viable and should be used as a place to buy aggressively with a stop-loss as tight as you please.