Bulls and bears were in a minor skirmish late Monday night, but we’ll be better able to judge which is getting the better of the other by monitoring the midpoint Hidden Pivot support of the minor corrective pattern shown. An easy move through it would portend likely weakness, or at least softness, on Tuesday. Even so, camouflageurs should plan on bottom-fishing there, using the 3- or 5-minute chart to spot the first uptrending ABC uptrend that triggers a long entry meeting our criteria.
