After a month of pooch-screwing, bulls are close to giving up on an ostensibly easy rally target at 1808. It would take just a short fall to below 1738.3o (see inset) to negate the point ‘C’ low (1738.30) of the uptrend, returning bulls to limbo for the near term, at least.  My minimum downside projection for this morning is 1737.50, an indistinct Hidden Pivot based on the 10/4 high that you should bottom-fish only via camouflage and a theoretical stop-loss no wider than four ticks.  Follow these trades in real time with a free trial subscription.