A fragile midpoint support at 36.010 that repelled sellers twice last week has given way Sunday night, with bearish implications for the near term. The ‘D’ sibling of this pivot lies at 34.160, and it should be used as a minimum downside objective for the near term. Although it would take a rally above the 37.860 point ‘C’ of the pattern to negate the target, bulls would at least gain the upper hand with a print today exceeding a peak at 36.770 recorded Friday on the way down.