Bulls pulled out of a tailspin on Tuesday, but I doubt they’ll be able to muster enough lift to avoid falling to the 1902.75 midpoint Hidden Pivot support shown (see inset). I’d suggested bottom-fishing there in the chat room, and although that play is still a ‘go’, high caution is advised, since the futures will fall to at least 1868.25 if the selling picks up steam. Night owls should look to get short on a breach of ‘p’, and any profits earned thereof can be used to widen the stop-loss if you go bottom-fishing at 1868.25. A three-tick stop is suggested, but you can widen it to suit your style.
