We’ll continue to navigate each day with an eye on subtleties, since they’ll never let us go far wrong. For the moment, I would suggest using the 5-minute chart, scrunching the bars just a bit so that the ‘visual noise’ is transformed into shadowy areas that will distract us less. Thus does a Hidden Pivot support at 1816.80 come into view — but with the subtlest inference of a turnaround possibility on any upthrust exceeding 1849.60. Bottom-fishing near the target is warranted, but it will call for camouflage. Please note that the 1957.50 rally target proffered here yesterday was not affected by yesterday’s decline, but we will nonetheless put it on the back burner for now.
