Yesterday’s fright-wig plunge didn’t even qualify as impulsive on the hourly chart. The reason is somewhat technical, and I’ve attempted to explain why in the accompanying chart. However, the fact that sellers failed to do their worst is no reason to celebrate, since they could easily return today in greater numbers to finish the job.  There are two Hidden Pivot supports below that we can monitor to get a sense of how determined the sellers are: the first lies at 1117.60; the second, its ‘D’ sibling, at 1102.80. The lower support looks like a more conservative play for bottom-fishing, since the higher number coincides with a bunch of lows recorded a week ago.  Alternatively, the most bullish thing I could see happening over the near term would be an upthrust touching 1138.80.  That would create a bullish impulse leg on the very lesser charts, and with it the possibility of some base-building into week’s end.