Yesterday’s plunge somehow avoided the finale of its projected fall to a 1296.25 target, but that could be remedied shortly. In any case, a rally back up to the 1314.00 midpoint would be a short — one to be initiated via camouflage, as is our practice whenever we leverage midpoint supports and resistances for trading purposes.  If 1296.25 should fail as support, you can put Hidden Pivots aside and assume that a test of early June’s lows near 1260.00 impends. _______ UPDATE (11:24 a.m. EDT):  The futures rallied precisely to 1314.00. Since a chat-roomer reported initiating a short there, I’m going to establish a tracking position for your further guidance, that assumes an initial position of four contracts. If you haven’t taken a profit yet, do so now at around 1306.50. Tie the remaining two contracts to a stop-loss at 1316.25. _______ UPDATE (2:27 p.m.):  We exited on the stop-loss for a theoretical gain of perhaps $250/contract.  We’ll continue to look aggressively for opportunities to get short in this presumptive bear market because: 1) we can, usually painlessly even when we are “wrong”; and 2) we don’t want to miss the avalanche when it comes, as it surely will.