Last Wednesday’s decisive breach of a 31.950 ‘D’ target implies that a lower one at 31.230 is now in play, and thence an even more important one at 29.355 noted here earlier. The short-entry trigger (aka ‘X’) associated with that last downside Hidden Pivot lies not far above, at 33.170, and is therefore a logical place to try to get short, albeit belatedly. The trade, if it comes, should be attempted only via camouflage. Alternatively, bulls would need to hit 33.285 today to show a pulse.
