The modest bounce at the rightmost edge of the chart came off a low that fell within 11 cents of a clear 100.35 target (see inset). The bounce was worth as much as $850 per contract to any trader who got long at the low. Since we typically allow 21 cents of leeway when using Hidden Pivot targets in this vehicle, a bid at the pivot would easily have survived a very tight, mechanically determined stop-loss.
