A breach of the 1865.25 midpoint support (red line) would imply more downside over the near term to its ‘D sibling, 1857.75, or to 1855.00 if any lower. The second target comes from ‘A2’ and can be bottom-fished with an initial stop-loss at 1854.25. A single contract is suggested, but you can increase the size if you use ‘camouflage’ to get aboard. The higher target can also be bottom-fished, and an 1857.00 stop-loss is suggested. _______ UPDATE (9:57 a.m. ET): The futures opened with a bullishly impulsive short squeeze after having gone no lower overnight than 1866.50. They were up the equivalent of 100 Dow points 30 minutes into the session, but don’t expect this gas-bag to get much further.
