We’ll treat this selling with respect, since it should not have kicked in before the futures reached a middling Hidden Pivot resistance (unnoted here earlier) at 44.510.  The actual high fell 14 cents shy of that mark, and so the pullback should be regarded as especially dangerous if it racks up a second bearish impulse leg today on the hourly chart.  That would require a print below 41.455, and although it would be warning of more weakness to come, it could also create a buying opportunity at the as-yet-undetermined midpoint support of the corrective abcd.  Want to learn how to do Hidden Pivot Analysis yourself, and to kiss your guru good-bye? Click here for information about the upcoming webinar in October.