Although yesterday’s analysis correctly called the downtrend and missed the low of a nearly $60 selloff by just $4, that wasn’t quite close enough to harness this beast easily when it made the turn.  We watched the rebound in real time during an impromptu trading session attended by more than 100. However, when we applied some finely nuanced camouflage to the task of getting long, success proved tricky, and we were unable to board at the low. Late Monday night, the bounce looked capable of hitting 1841.40 over the near term (3m, A=1813.00 on 9/12, B=1831.20), but any higher would renew the bull cycle. However, the bearish, 1771.50 target given here yesterday will remain in force until such time as 1889.10 has been exceeded to the upside. Moreover, the struggle the futures appeared to be having moving above that number’s sibling midpoint at 1830.30 tends to confirm and corroborate 1771.50 as a retracement objective.  Want to learn how to nail swing highs and lows precisely, and to manage trade risk yourself? Click here for information about the upcoming Hidden Pivot Webinar on October 5-6 and a $50 discount.