Yesterday’s nasty selloff exceeded a clear Hidden Pivot midpoint support at 130^28 by 12 ticks, implying there is more downside to come over the near term.  The ‘d’ sibling of that number is 128^25, which we’ll use for now as a minimum objective. (We should also allow for a bounce from 129^28, a Hidden Pivot support of less clarity.) If the futures do indeed fall to 128^25, it would refresh the downtrend on the daily chart, with bearish implications for weeks to come if not longer.