A downside target at 1263.10 given here earlier looks likes a logical place for bulls to dig in their heels. It comes from the hourly chart (A=1328.40 on 4/14), but there is another Hidden Pivot support on the ‘daily’ at 1265.60 that looks just as compelling. I would encourage tightly stopped bottom-fishing at either number, but if you prefer to do so with a straight bid rather than via ‘camouflage’, the lower number is probably the better place to try. Neither target is ‘virginal’, since each has had a couple of days to get talked up outside of the chat room. One final note: It’s a long drop to the next Hidden Pivot support, 1216.60, if the one at 1263.10 should fail. _______ UPDATE (10:57 a.m. ET): On the 15-minute chart, the futures are in a downtrend at the moment with a clear enough target at 1273.20 that one could bottom-fish there with a stop-loss as tight as 1272.90. (A=1302.50 on 4/20; B=1281.80 on 4/20). Judging from the way sellers shredded the 1283.50 midpoint pivot, the futures WILL get there.
