The hourly chart is telegraphing a retracement down to at least 17.105, a Hidden Pivot midpoint that is unappealing for purposes of bottom-fishing because of its close proximity to some recent, prior lows. If it’s exceeded by more than three ticks, however, brace for more weakness over the near term to as low as 16.905.  _____ UPDATE (12:13 p.m. EST):  The futures have bounced strongly after getting walloped this morning. The intraday low, representing a 56-cent plunge from yesterday’s top, occurred at 16.875, three cents below our target. That will have mildly negative implications for the near term, although that’s nothing a thrust above 17.310 wouldn’t cure.