This week’s thrashing, gratuitously stupid price action has been bearishly impulsive, albeit subtly so. Notice that the intraday low on Tuesday at 2333.25 (see inset) slightly exceeded the 2333.50 low recorded on March 28. That has allowed me to draw a mildly — and presumably trustworthy — bearish ABC pattern that projects over the very near term to 2326.50. It will be tougher to get short for the ride than to bottom-fish at what looks to be a promising Hidden Pivot support. Accordingly, I’ll recommend bidding 2326.75 for a single contract, stop 2325.75. You’ll be on your own if the order fills, but I am suggesting this trade only for those who know how to manage single-contract risk for a trade that initially has gone your way. _______ UPDATE (Apr 13, 3:55 p.m.) In the final minutes of the trading week, the futures have made a low two ticks beneath the 2326.50 target I’d flagged for subscribers last night. Surprise surprise. They’ve taken a five-point bounce since, and more power to you if you bottom-fished as I’d suggested. However, I would not advise taking this position home over the weekend. As noted in the chat room a moment ago, you should take the money and run.