We’ll put aside foolish concerns and simply watch today, since the trading tantrum that has occupied the entire week has simply brought the futures down to a too-obvious support at 1291.25, the July 18 low. If it’s breached, Hidden Pivot supports may still be useful for setting up scalp-trades and bottom-fishing (or getting short), but the more powerful influence by far will be the by-then magnetic low near 1258 recorded in late June.
