At Thursday’s close, the futures looked likely to achieve a 2415.75 downside target that I posted in the chat room at 13:27, when this vehicle was trading 30 points higher. The target, a Hidden Pivot support of middling importance, is sufficiently clear and compelling that we should expect to see a tradeable bounce from it. However, if the selloff is going to prove to be the start of something much worse, then the September contract should slice through the pivot as though it were not there. Let’s see how it goes before we rush to judgment. Regardless, subscribers who were short for the ride down based on my guidance can try bottom-fishing at 2416.00 with a five tick stop-loss. You’ll be on your own if the order fills and goes in-the-black.________ UPDATE (Aug 21, 10:42 a.m.):  My target caught this morning’s low to the exact penny. Since we risked five ticks on the initial stop-loss, you should have taken profits on half the position, or two contracts, at 2419.50, 15 ticks above where we got long. At a current price of 2422.50, the position is showing a theoretical profit of $1075. ________ UPDATE (12:49 p.m.): Since several subscribers have reported doing the ES trade — my instruction was detailed, simple, explicit and also nailed the exact low of the day — I’m establishing a tracking position. For now, I’ll assume one contract remaining of an original four, with an effective cost basis of 2401.00. This includes a theoretical profit on two more contracts exited right now for 2427.50. We’ll swing for the fences on this one, so use a stop-loss at 2420.50 for now.________ UPDATE (3:20 p.m.): Lower the stop-loss on the ES position to 2418.25. If we exit there, the theoretical profit would be $850. _______ UPDATE (Aug 21, 11:58 p.m.): At a current price of 2433.50, the tracking position is showing a theoretical profit of $1600. For now, tie the single contract that remains to an ‘impulsive’ stop-loss on the 15-minute chart. That means you should exit the position if a downthrust generates a legitimate impulse leg on the chart. At the moment, that would imply an uncorrected move exceeding two prior lows, including one at 2428.00, to the downside.  If you prefer to trade with a wider stop, use 2421.50 for now.  So that I can continue with this tracking guidance, please report any action taken in the chat room. ________ UPDATE (Aug 21, 2:30 p.m.): Exit what’s left of the trade now, with the futures trading around 2449.50. The gain on the 24-hour position if held overnight would be about $2300.