The 1303.60 correction target given here yesterday in an update still obtains, but any lower would indicate 1299.30, or perhaps even 1280.90. This sequence of Hidden Pivot supports is tied to successively higher points ‘A’ on the chart shown. Although you could try bottom-fishing at any one of them, the lowermost is the only one that might allow you to do so with a tight (i.e. four ticks) stop-loss rather than via camouflage. _______ UPDATE (10:38 a.m. EDT): You have to drop down to the one-minute chart before today’s bounce, such as it is, begins to look impressive. On the ‘hourly’, however, price action merely looks like a struggle at ‘p’ to avoid an immediate washout to the 1280.90 target given above. To better gauge bulls’ mettle, we’ll set the bar at 1327.00, which is what it would take to turn the 60-minute chart bullishly impulsive, albeit merely mildly so.
