Nearly all ABC pathways lead lower at the moment. Most immediately, two previously noted downside targets that lie, respectively, at 1564.70 and 1534.30 remain to be achieved. They look attractive for bottom-fishing via camouflage, since neither coincides with any obvious structural supports from previous lows. Alternatively, if bulls are going to seriously turn things around, they’d need to hit 1614.30 intraday. That’s a tick above an ‘external’ peak made last Tuesday on the way down. It’s nicely visible on the 15-minute chart. _______ UPDATE (12:17 a.m. EDT): The future dove anew yesterday, leaving on the immediate horizon only the Hidden Pivot at 1534.30 to turn things around. Camouflageurs should start looking for the turn from around 1535.80, with the goal of catching a long-entry trigger on the 5-minute chart or less. If at least two fills are reported in the chat room, I’ll establish a tracking position for your further guidance.
