Yesterdays afternoon’s 20-minute wilding spree should have scared hell out of shorts (yet again), which is why it occurred to begin with. From a Hidden Pivot standpoint, the rally was ineffectual for two reasons: it surpassed nothing nada zilch, even on the 15-minute chart; and it occurred after the downtrend had already punctured a key low from June 15, creating a robustly bearish impulse leg on the intraday charts. The pattern has become too ragged to read with much confidence, but it points ambiguously toward 1063.25, a Hidden Pivot support that is not recommended for bottom-fishing.  Getting short is another matter, of course, but it will not be possible to do so by way of an entry price I can project overnight. Incidentally, bulls would have a chance of temporarily reviving their hoax with a print today at 1098.25.