Bulls Reeling after Collision with a Major Hidden Pivot

The recent top at 1846 in the S&P futures represented a collision between bulls and a precise Hidden Pivot target that had been more than a year in coming.  We might have expected such an important obstacle to contain even a strong bull market for at least 4-6 days. Three days have elapsed so far, so we need to be ready for a possible turnaround later this week. The E-Mini should work its way down to at least 1812.75 before finding traction, but if that ‘hidden’ support is breached today, it would imply more weakness over the near term.