On Friday, as the week drew to a close, the December futures appeared to be groping for traction near 1053.20, a midpoint HP support.  Some bounces during the afternoon from lows just a few ticks above that pivot produced barely any loft, implying that if the support is breached the correction is likely to continue down to at least 1045.00. If this minor breakdown occurs, a tradable low occurring very near 1045.00 seems assured, since it is backstopped by the conventional support of some lows recorded earlier this month.  You can try bottoming-fish there with a very tight stop-loss, but if it’s hit, the next likely stop on the way down would be 1040.70, a Hidden Pivot. Alternatively, to effect a bullish signal on the hourly chart, the futures would need to thrust above 1070.60.  However, it would take just 1064.10 (an ideal spot to look for camouflage) on the very lesser charts to do the trick. _______ UPDATE (1:50 p.m. EDT): 1045.50 held for about half an hour, but the bounce was feeble, and the futures subsequently broke down to a so-far intraday low of 1041.10.  This is most surely bearish for the near term, but it would become more seriously so if today’s selloff goes a little farther, exceeding an external low at 1039.00 recorded on October 7. FYI, I am using a 180-minute chart to spot the external lows that matter.