The Cubes tripped a mechanical buy at the red line (326.27) last week, but I did not recommend the trade because it looked significantly riskier than bidding at the green line. The subsequent bounce from the higher level looks likely to reach the secondary Hidden Pivot at 340.66, but I’ll be curious to see whether buyers have enough energy left for a quick push to the 355.05 target broached here earlier. If so, they would signal it with a decisive move past p2=340.66, followed by a close above it on the same day. _____ UPDATE (May 10, 5:46 p.m. ET): Honest markets won a rare victory Monday with the drubbing the Cubes suffered. Now they are bound for a minimum 320.06, the ‘D’ target of this pattern. The A-B impulse leg is textbook-compliant, and that’s why the crushing of p=328.36 means that more downside at least to ‘D’ is a ‘definite’. We’ll be better able to judge whether bears have run out of guts when we’ve seen QQQ interact with this fine Hidden Pivot support. Scalpers who know what they’re doing and don’t flinch when they detect a falling piano coming their way can try bottom-fishing, but the rest of us will be better served by spectating. ______ UPDATE (May 11, 11:01 p.m.): Sellers exceeded my 320.06 target by a not insignificant 1.04 points, suggesting there is more weakness to come. _______ UPDATE (May 13, 12:49 a.m.): Yes, x=311.87 would trigger a ‘mechanical’ buy signal, but you’d need a stop-loss at 297.47, and a price objective of just 326.27, not D=355.05. This is not to say the bull market is necessarily over, only that 355.05 could be a long time in coming if it is reached at all.