Yesterday’s gratuitous price hump left a 1280.50 downside target intact. Odds that it will be reached today or Monday have shortened now that its sibling midpoint support at 1304.00 has been decisively exceeded. Traders can bottom-fish with a stop-loss as tight as 1279.75, since the target is not only clear, but located “in the middle of nowhere” just as we prefer. Pivoteers take note: Leveraging a “camouflaged” turn on the lesser charts will nearly always be the less risky way to play.
