Shorts initiated yesterday from near 1345.00 should be tied to a 1349.75 stop-loss. That is somewhat lower than the 1355.25 stop suggested here earlier, but it is also where the five-minute chart would now become menacing.  Please note that the lesser charts are already working on a minor, bullish impulse leg that yields a 1351.75 target and a midpoint at 1347.00. On weakness, the first high-odds spot to try bottom fishing would be at 1323.00. a Hidden Pivot on the hourly chart derived from the coordinates A=1354.00, B=1325.25, C=1351.75.