Yesterday’s dirge turned Wednesday’s ferocious short-squeeze into dud. I don’t foresee the downtrend picking up much steam as the week ends, however, and so I’ll suggest bottom-fishing at the 2080.50 Hidden Pivot support shown. A three-tick stop-loss can be used initially, but you’ll be on your own if the trade goes in-the-black. Upside potential would be to the ‘D’ target of the larger pattern begun from Wednesday’s low. The target is more likely to work precisely if the move down to it is straightforward.
