DaBoyz struggled mightily yesterday afternoon to produce a winning close, but as you can see, the damage had already been done via a decisive breach of a midpoint support at 1627.00 (red line). This augurs more downside to at least 1608.50, the ‘D’ target of the pattern shown. Night owls can try bottom-fishing at 1623.50 nevertheless, since that Hidden Pivot (A=1645.75 at 11:00 a.m. EDT ) is situated well enough to produce a tradable bounce on the way down. If it is easily brushed aside, however, we could see seller’s dominate into week’s end. ______ UPDATE (1:50 p.m. EDT): After bottoming at 1607.50, the futures are in the throes of a rally that should carry to at least 1618.00. So far, one trader in the chat room has reported having made hay with the target.