Although the 1502.70 rally target given here earlier remains valid in theory, we’ll shift our bias to bearish and turn cautious, since yesterday’s low exceeded a 1461.40 Hidden Pivot support by $1.40. This is a negative development, and its implications would become still moreso if any minor, uptrending abc corrections fail either at their Hidden Pivot midpoint or at a ‘d’ target. Sellers would renew themselves and take on additional energy if 1452.50 is exceeded to the downside today.
