Yesterday’s tedious chop occurred after the futures had exceeded a peak at 723.75 recorded on March 4. The thrust created a robustly bullish impulse leg in the process, and so we should regard Wednedsay’s ups and downs as consolidation, perhaps for another strong leg up. That said, I don’t see any opportunities at the moment for night owls to catch a ride on the next northbound express. I am looking at a 15-minute chart (see insest) that shows an ABC-ish downtrend; however, like yesterday’s rally in Gold, the A-B impulse leg ends without having exceeded anything interesting to the left of it.  I’ll go out on a limb nonetheless with a prediction — that the futures will take a tradable bounce from 710.25.  This number — which is not a hula number — gets around the non-qualifying ‘B’ by using a one-off A. (Don’t ask.)  _______UPDATE: The expected bounce came in the wee hours off 911.25, a single point higher than anticipated. A little more than an hour into the session, a so-far gutless short squeeze had reached 732.00- but there was short-term potential to as high as 743.00 (later revised in the chat room to 748+).