It’s time to give up on getting short at 215.19, a once-promising Hidden Pivot target that will now be a long time in coming, if ever it does come, following yesterdays savaging of Big Blue in particular among the tech stocks. The move was impulsively bearish on the daily chart, meaning bulls will have to wait for a ‘p’ midpoint to form on the C-D follow-through leg down if they are going to try and save the day/week/month/year.
