Friday’s dive stopped a hair shy of the 3848.00 midpoint support shown. Since the trouble began with the March contract’s failure to get anywhere near the 4245 rally target I’d proffered, and because minor abcd downtrends subsequently have exceeded their ‘d’ targets, it seems clear that the bear market is about to return following a two-month hibernation. The 3848 Hidden Pivot was worth bottom-fishing, but because the futures went no lower than 3855, the trade I’d planned to do myself did not trigger. However, several chat-roomers caught the low and bottom-fished it profitably after a subscriber posted a chart showing a 3855 downside target. For now, for purposes of forecasting and trading, I am treating that number as erroneous even though it ‘worked’. Regardless, it, too, puts the March contract in a perilous place. If selling resumes on Monday and produces a close below 3848, that would telegraph more downside to at least p2=3682.00. _______ UPDATE (Dec 21, 8:34 p.m.): A vicious short-squeeze, for sure, but I doubt the rally will get legs because of the way sellers crushed p=3849. At x=4014.63, it would trip a ‘mechanical’ short, stop 4181, but I’d suggest paper-trading unless you know how to cut the $33,200 theoretical entry risk on four contracts down to $1600 or less using a ‘camouflage’ trigger.  ______ UPDATE (Dec 22, 12:06 p.m.): Now that’s more like it! The futures are getting savagely pounded, a reality-based Santa Rally in reverse.  Use the 3682.00 (p2) secondary Hidden Pivot shown in the chart (inset) as a minimum downside target for the holiday season, but keep in mind D=3516.00 as a worst-case projection for the near term. A cascade could make that happen sooner than most on Wall Street might imagine.