In today’s commentary, I said the Dow would turn menacing on an uncorrected drop below 13251.  For the E-Mini S&P, the equivalent shot-across-the-bow would become significant on a print beneath low #2 (1414.50). Eagle-eyed Pivoteers may have noticed that the #2 low on the Dow’s daily chart is not a true low, since it is not preceded by the requisite peak. However, the low is quite legitimate here, as you can see for yourself. From a trading perspective, and most immediately, the futures will need to get past Monday’s 1451.50 peak before they can break loose for a predicted run-up to 1477.50.  Night owls can attempt to get long via camouflage if this vehicle pulls back in b-c fashion from just above a 1443.75 peak visible on the 15-minute chart (10/2 at 10:45 a.m EDT).