Last week’s steady, moderate decline tripped a theoretical sell signal at the green line (4535). It also brought into useful focus a corrective reverse pattern that promises to give us a solid handle on any trading opportunities that develop on the way down. This would be for trades both bullish or bearish, and we could confidently expect to make money, as we often do, even when we are wrong. The first and most obvious opportunity would entail bottom-fishing at the pattern’s 4436.00 midpoint support, since a tradeable bounce from there appears all but certain. If the implied rally doesn’t get very far and the futures relapse below p=4436, that would be warning of a further drop to as low as 4237.75. That is what I expect, but we’ll position ourselves to profit regardless, and no matter how devious and evasive this correction becomes.