YMM10 – E-Mini Dow (Last:10060)

As of around 9:45 p.m. EDT, the futures were predicting the Dow would hold above 10000 in the face of moderate selling. The minimum downside target is 10024, but if that Hidden Pivot support should be violated by more than 5-7 points, it could open the floodgates over the near term down to as low as 9599.  The accompanying chart shows the provenance of the 10024 target — a bearish pattern identical to the one being traced out at this moment by the E-Mini S&Ps.