A minor downtrend in play Monday night pointed to 851.70, a Hidden Pivot that night owls can bottom fish with a stop-loss as tight as four ticks. If the stop is hit, expect the weakness to continue to at least 845.00, or to 829.10 if any lower. That last number can also be bottom-fished using a stop-loss as tight as you can abide. _______ UPDATE: Gold is acting too, too coy today. Bearish short-term targets were negated by a move above 861.00 (aka point ‘C’), but there are no useful upside targets that I can offer you as of yet. Meanwhile, price action in gold stocks such as Newmont has not only been bullish, it has been blatantly manipulative in a way that will have benefitted knowledgeable buyers.