The midpoint pivot at 1194.70 looks suitable for bottom-fishing with a stop-loss as tight as 3-4 ticks, although it seems likely to be hit overnight if at all. The futures should turn from that price if the dominant uptrend is about to revive. Odds of this would diminish somewhat, however, if the pivot is decisively exceeded. That would put an 1187.75 target in play — another spot where tightly-stopped bottom-fishing would be warranted.
