Yesterday’s dive penetrated the 1263.20 midpoint Hidden Pivot support shown, implying that the sideways action since is distribution ahead of a follow-through fall to 1240.00. The short-term outlook would brighten with a modest rally touching 1268.40 Tuesday night, but absent this encouragement we should expect more weakness to at least 1240.00. Bottom-fishing there is recommended, but I’d suggest doing so using the ‘camouflage’ technique. This implies fashioning an entry trigger from an uptrending abc pattern on charts of (in this instance) 5-minute degree or less. If 1240.00 is closely approached and you’re uncertain about how to do this, ask in the chat room. _______ UPDATE (8:26 a.m.): The futures, presumably for some stupid reason, spiked $9 overnight to 1272.10, but the rally was over in three minutes and proved all but untradable. A three-hour dirge has followed, leaving the short-term outlook “brightened” as noted above, but with the intensity of a 60 watt incandescent bulb. If bulls get second wind, look for a follow-through to 1273.70. Any higher would suggest they have more energy than is apparent at the moment.