The futures easily exceeded some minor Hidden Pivot supports yesterday, hinting that they’ll grope their way down to the March 6 low at 1332.75 in search of traction. Bottom-fishing via camouflage from 1335.00 and above is warranted, since our method affords us more than randomness in trying to guess exactly where the all-but-inevitable turn will come. You could also try camo-fishing at the ‘p’ midpoint of a pattern like the one shown. As noted in today’s commentary, an unpaused follow-through today to the downside that breaches 1332.75 would have very bearish implications going forward.
