Today’s commentary spells out the bearish implications of a plunge exceeding 1317.40, but as I have tried to make clear, the downdraft must be unpaused — meaning no intervening, upward abc corrections on the daily chart — to truly threaten the intermediate-term outlook.  That said, more weakness to 1321.20, or perhaps 1313.10 appears likely, since the 1357.00 Hidden Pivot midpoint associated with the higher number has already been exceeded by 2.40 points.  Either of those hidden supports can be bottom-fished with a four-tick stop-loss.  Alternatively, a rally to 1393.00 would nullify the 1321.10 target, but we’ll require no less than 1397.60 to ease the bearish look of the intraday charts.