A swoon could hit 2097.25, or even 2088.25 before finding support. It’s tempting nevertheless to give bulls the benefit of the doubt here, since they seem to be having a slightly easier time of it on days like yesterday, when price action is just slop. On balance, I’ll recommend bottom-fishing at 2097.25 with a stop-loss as tight as three ticks. If it’s hit, expect more downside to at least 2088.25, a Hidden Pivot that could also be bottom-fished with an extremely tight stop. If you’re inclined to trade these targets aggressively, the 10-minute chart is the place to look for shorts. At the moment, here is the relevant pattern from Monday: a=2116.75 at 3:10 p.m. EDT; b=2108.75; c=2112.00?
