This rabid weasel could turn on us at any time, but for the now we should assume it’s bound lower, to at least the 1605.50 target shown. It’s not quite a done deal, however, since the intraday low occurred precisely at the ‘p’ midpoint pivot associated with our target.  If it’s breached Thursday in the early going, that would affirm the target and make any feint north a tempting short.  Camouflageurs should look for the opportunity on charts of five-minute degree or less, taking the first signaled entry point if it looks subtle.