Yesterday’s high occurred to-the-tick at an obvious Hidden Pivot target, and although we might have wished for a push at least slightly past it to imply more strength ahead, it was not to be. Bulls will have another chance to show their mettle during this correction. Specifically, and the best we might hope for, would be a bounce from the 1287.30 midpoint pivot shown. You can bottom-fish there with a stop-loss as tight as three ticks, but brace for more downside to D=1282.50 if the stop is hit.
