The 3862.25 downside target flagged here last week is still my minimum objective for the near term. It can be bottom-fished, although I expect the futures to continue lower once they’re done toying with this ‘hidden’ support. The ‘mechanical’ short recommended last week failed and should never have been attempted. I seldom recommend ‘mechanical’ entries at the red line to begin with, and this one went against a short squeeze Thursday afternoon that all but guaranteed a vicious pop on Friday morning. As it happened, a standard-issue ‘mechanical’ short from the green line would have worked beautifully, producing a profit by day’s end of as much as $22,000 on four contracts. Pivoteers will recognize this particular set-up as the most reliable in our playbook: a precipitous countertrend move to the green line following a reversal from between p2 and D.  The good news is that those who reported doing the trade in the chat room seem to have used this tactic rather than the red-line short I’d suggested.