Monday’s E-Mini S&P forecast, as well as today’s commentary concerning “Hints of a Bottom,” leave plenty of room for selling, since the ES target implies the Dow Industrials could take a 500-point header before they finally turn around. There are two other Hidden Pivot supports that suggest it might not be that bad, but neither will exactly be good news to bulls. Bears have no reason to let them off the hook unless buyers can muster a thrust to at least 10489, where a look-to-the-left peak was formed May 19 on the way down.
