A downside target at 38.400 flagged here earlier is still my minimum retracement objective for the near term.  I’ve suggested tightly stopped bottom-fishing there, or better yet, camouflage buying, but please note that this Hidden Pivot’s decisive breach would portend more weakness down to as low as 38.015, a second Hidden Pivot that could prove opportune for bargain hunting.  The patterns associated with both targets are shown in the accompanying chart.  Alternative, the futures would need to print 41.505 today to turn the tide for bulls. 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.