The futures looked primed for a dive to 1280.50 by week’s end, if not sooner. That’s the Hidden Pivot target of the pattern shown, and as of late Wednesday night its sibling midpoint at 1304.00 has already been breached by 1.50 points. That’s not quite enough to clinch the implied plunge, but just a tick or two more would shorten the odds. Alternatively, it would take a print exceeding a tiny peak at 1328.50 made July 11 on the way down to put buyers back in charge of short-term price movement.
