Minor rallies continue to fail, implying that this vehicle may need to go lower before it can gain good traction.  How much lower?  The 1306.40 midpoint pivot shown should be held in mind as a logical minimum downside target for the very near-term.  Traders can bottom-fish there with a 1305.90 stop-loss tied to a single contract, but if it’s hit be prepared for more downside to as low as 1295.60.  If you use ‘camouflage’ to get long and can hold the theoretical entry risk down to no more than six ticks, a four-contract trade can be attempted. _______ UPDATE (10:15 p.m. EDT):  The midpoint support was exceeded by 80 cents — enough to put the burden of proof squarely on bulls.  If the slippage hits 1295.60, I’ll suggest bottom-fishing there with the tightest stop-loss you can abide.  Officially, we’ll bid 1295.60 for one contract, stop 1294.90, but camouflageurs can step up the size. Please keep me apprised in the chat room so that I can establish a tracking position for your further guidance.