The Hidden Pivot target at 1034.00 given here yesterday caught a very short-able top within a single point. I recommended partial profit-taking yesterday below 1026.00, but I’ll track two short contracts for the guidance of anyone who stayed short as I suggested. Imputing the theoretical gain so far to the contracts that remain gives us a cost basis of 1042.00 for each. Cover one at 1022.00 and use a 1030.00 stop for both, o-c-o (one-cancels-other: this means that if you are unable to cover the one contract at 1022.00, it should also be tied to the stop at 1030.00. _______ UPDATE (8:49 a.m.): The overnight low was 1018.25, allowing one of our two short contracts to be covered at the suggested price (i.e. 1022.oo or better). Imputing the 15.75-point theoretical profit to the remaining contract gave it an adjusted cost basis of 1057.75.  It should have been exited on the 1030.00 stop-loss, yielding a theoretical trading profit of $1385 for the four-contract position that we established yesterday.