Harry’s correction target at 1763.80 looks quite compelling, so we’ll continue to use it as a minimum downside target. The good news is that it should yield an excellent entry point if the futures fall that far, since a bounce from the pivot or somewhere very near it looks like a high-odds bet. Camouflage is suggested, especially since we don’t want to miss an excellent opportunity if the turn should occur from somewhere above the pivot. Alternatively, the first place where I would strongly infer a possible bullish reversal would be at 1834.30. The significance of this number is shown in the chart, so by all means set a screen alert at that price if you don’t want to be caught unawares.
