Yesterday’s volatile price action broke the momentum to a presumptive 1830.50 target, but that Hidden Pivot still serves as our minimum upside objective for the near term. The dive from an intraday high at 1004.40 created a clean, sharp impulse leg, and with it the prospect of a spot to try bottom-fishing at a ‘p’ midpoint of whatever follow-through c-d leg impends. For the guidance of traders, I have sketched out an ideal scenario in the accompanying chart. _______ UPDATE (2:16 a.m. EST): As of this moment, the midpoint support lies at 1783.00.
