Some chartists like to work ABCD patterns in the manner shown — and so shall we for once, although I’d suggest using the ‘D’ target analytically rather than for bottom-fishing. Other potential swing lows for today lie at 1083.50 and 1077.75. Those numbers represent, respectively, a 50% retracement, and a 61.8% retracement, of the rally cycle begun on February 12 from 1060.00.