I’ve featured a scary forecast for this vehicle in the latest Morning Line commentary, but the requisite plunge is not yet a done deal.  That’s because sellers have hesitated to crush the midpoint support of the pattern shown. It was touched for the first time twice in the last week or so and has begun to creak under the weight of selling, but we shouldn’t dismiss the possibility of a  rally-out-of-nowhere, since it is always darkest before the dawn. However, the bounce would have to exceed July 31’s ‘external’ peak at 103.33 to generate a promising impulse leg. _______ UPDATE (Aug 13, 11:20 p.m.): Check out my post just now in the chat room. It contains potentially actionable advice using call options. ______ UPDATE (Aug 16, 7:44 p.m.): Stay close to the chat room if you care about this symbol, since that’s where the buzz is. It looks like it’s about to fall to at least 88.05, the secondary Hidden Pivot shown in the latest tout.