ESU10 – September E-Mini S&P (Last:1103.75)

The futures looked to have been saved by the bell, albeit in a very minor way, when a selloff to 1097.00 got timed out. That Hidden Pivot target is still valid, but it is useless for trading purposes because it coincides with Monday’s presumably supportive lows. Sellers should have no trouble breaching the support early in the session — or perhaps even overnight Wednesday — if the hinted weakness noted in today’s commentary starts to snowball. That would refresh the bearish impulse on the hourly chart, giving buyers something to chomp their dentures on when stocks open on Friday.