A 1470.10 minimum correction target that lies 7.50 beneath last week’s low remains in force, but if it’s exceeded on a closing basis or by more than 1.50 points intraday, brace for more downside to its Hidden Pivot sibling, 1413.50. Alternatively, it would take an upthrust exceeding 1529.30 to produce a glimmer of light for bulls, and nothing less than 1543.60 to turn the hourly chart bullish. Both price points are highlighted in the chart.
