ESZ10 – E-Mini S&P (Last:1198.50)

This flying pig has been losing altitude for a week, but not nearly quickly enough to satisfy the bearish appetite.  Still more dispiriting is that it would take a rally today to just 1211.50 to undo the candy-assed downtrend of recent days. Be that as it may, of all the punk patterns yielding potentially tradable targets, I like best the one that points to a Hidden Pivot support at 1184.75 for purposes of bottom-fishing.  An initial stop-loss at 1183.75 is suggested.