DaBoyz have put the E-Mini S&Ps in a holding pattern after gapping them down 12 points Sunday night. As you can see in the chart, the so-far lows lie just above a Hidden Pivot support at 1672.25.  The goal of this carnival-midway maneuver is to exhaust sellers, allowing those who ply the night markets to pick up stray contracts that can easily be unloaded at higher prices. However, if more contracts come in for sale overnight, making it difficult to waft this vehicle higher, look for it to ratchet down to at least 1666.50. Traders can try can try bottom-fishing there, but I wouldn’t suggest leaning too heavily on the support, since the fetid political air on Capitol Hill has the potential to change the mood on Wall Street from surly to ugly in a trice. ________ UPDATE (10:47 a.m. EDT):  The futures trampolined 12.50 points off 1666.50 exactly. If you caught a ride using multiple contracts, you should have exited 50%=75% of the position by now.  For tracking guidance I’ll asume a single contract remains from four, and a profit-adjusted cost basis of 1652.00.  An impulse leg-based stop on the 3-minute chart right now — which is what I am suggesting you use — would take us out at 1670.75.