Wednesday’s takedown was the nastiest we’ve seen in a while. It warrants particularly close watching, since the reversal began off a bull-trap opening that missed our 1353.30 rally target by nearly $8.  If bulls are going to retake the advantage right away, they step in to buy this vehicle near the 1324.50 midpoint support shown. Night owls can bottom-fish there using camouflage, or more simply (but limiting size to a single contract) with a 1324.60 limit bid and a stop-loss no wider than four ticks. If the stop is hit, be prepared for more slippage to at least 1317.80, the Hidden Pivot target associated with 1324.50.  If that support gets trashed too, the futures will likely come down to at least 1308.00 in search of traction. ______ UPDATE (9:57 a.m. EST):  Apologies for the absurdly tight stop that did not even follow my rule of placing stops just beneath the whole number (i.e., at 1323.90).  Anyway, the futures bounced $10 off a 1324.00 low, and if you had the street sense to override my obsessively risk-averse advice, more power to you.