If 70.93 has not been exceeded first, you can bottom-fish 67.69 with an initial stop-loss as tight a 10 cents, good through Tuesday. That’s the Hidden Pivot midpoint of the downtrend begun from 72.85 on June 19. Switch to a 25-cent trailing stop if 70.20 is reach on the bounce. Minimum objective: 70.65. _______ UPDATE: 70.93 was exceeded overnight, negating the trade. The new high created a new Hidden Pivot support at 68.05, but it is not suitable for bottom-fishing because it coincides with a visually important low made a couple of days earlier.
