Bears Turned Timid

Sellers turned timid late in the day Tuesday just when it looked as though they were going to bury the stock market with an avalanche. My hunch is that some Hidden Pivot targets well below yesterday’s bottom will be reached this week nonetheless (see today’s E-Mini S&P tout for some useful details). But bears could get pushed back — and get  pushed around —  if they are unable to make much headway to the downside in the opening hour.