The 1405.25 target flagged here earlier is still my minimum downside objective for the near term as well as a good place to try bottom-fishing. You can do this with camouflage, or alternatively with a straight bid at 1405.50 and a three-tick stop-loss. To view the chart associated with the target, check Friday’s tout in the archive, since nothing of substance has changed. _______ UPDATE (December 26, 8:52 p.m. EST): Subsequent price action has lowered our correction target a tad, to 1403.50. This new Hidden Pivot support can be traded as suggested above — either via ‘camouflage’, or with a straight bid and three-tick stop-loss. _______ UPDATE December 27, 10:56 a.m. EST): To paraphrase Lawrence Welk: suh-prize suh-prize! The futures have bounced 4 points so far from a low at exactly 1403.50. Since I’d suggested a three-tick stop-loss off a straight bid, you should have exited half of an assumed four-contract position at 1406.50. For now, use a 1402.50 stop-loss for the rest. UPDATE (11:31 a.m.): We exited the remaining two contracts on the stop for a theoretical trading gain of $200. The breach of the midpoint implies that the downtrend will continue at least to its ‘D’ sibling, 1378.50.