Just because the E-Mini S&Ps were down by a record-breaking 225 points today doesn’t mean the selling is over. Expect the futures to fall further 140.75 points, at least, before they can attempt to bottom. That would leave them at 2592.75, a Hidden Pivot support shown in the chart. The pattern lacks a distinctive point ‘A’ high, but the weak one I’ve chosen should be good enough for government work. No matter which top is used, it wouldn’t change the fact that sellers obliterated a midpoint pivot at or near 2864.88, telegraphing yet more weakness to come. A slight adjustment in ‘A’ yields an alternative target at 2603.40, so be ready for a turn from there as well. _______ UPDATE (Mar 11. 10:08 p.m.): I still expect the futures to reverse course at or very near one of the two targets flagged above. If they eventually relapse below these Hidden Pivot supports, you should infer that more slippage to 2447.75 is likely. At that point the S&P futures will have corrected 28% from the all-time high at 3995 achieved just three weeks ago. That would not necessarily mean the bear market is over. More likely would be the start of a Stage 2 that could see stocks grind bulls and bears alike to dust over the next year or so. ______ UPDATE (Mar 12, 9:10 p.m.): It is bearish that so clear and promising a Hidden Pivot support as the one at 2447.75 proffered above has given way so quickly. Since most trading algorithms have the IQ of a grapefruit seed, we should expect the machines to test the key low at 2316 recorded in late December. Look for a rally from somewhere very near there, but I cannot tell you how best to trade it until such time as a set-up takes shape overnight or in the morning.