Was that fun, or what! Wednesday’s exhilarating plunge bottomed near an 1817.00 target that has been in play since November. Pivoteers had some excellent opportunities to make hay, starting with a bearish call that went out to subscribers at 8:47 p.m. the night before. The March contract was trading for around 1862 at the time, and a short from those heights could have produced a gain of as much as $2900 at Wednesday’s lows.  Moreover, nimble traders could have picked up an additional $1150 on the way down, since the futures took a 23-point bounce in the dead of night from 1829.25, precisely to-the-tick where I’d told subscribers to expect a rally of presumably fleeting importance.  When the dust settled after Wednesday’s close, the March contract had traded as low as 1804.25 — 12.75 points beneath the longstanding target at 1817.00. Although this was not much of an overshoot, it was sufficient to do serious technical damage to the long-term chart. Specifically, it breached a key low from October of 2014, generating a fresh, bearish impulse leg of weekly-chart degree just as the futures were completing a bearish ABCD pattern begun back in July. The implication is that this rally is doomed and likely to offer traders an excellent opportunity to get short yet again.  For further guidance in real time stay tuned to the chat room, where traders have been using Hidden Pivots aggressively and with increasing skill.