Last week’s 65-point rally was aggressively impulsive, having exceeded two “external” peaks on the daily chart, one of them the recovery high from the March 9 low. Bears can dream about a collapse from these levels, but any selloff that holds above 1012 is properly regarded as a bullish correction. If you’ve got your fingers crossed anyway, hoping for a major trend failure, the logical place would be at the ABC midpoint shown (hypothetically) in the chart. More immediately, night owls can try bottom-fishing at 1069.00 with a 1068.25 stop-loss. That’s a midpoint support associated with a ‘D’ target at 1065.50.  ______ UPDATE (10:34 a.m.): Bottom-fishing 1069.00 the first time it was hit worked out perfectly, since the futures rallied four points after dipping no lower than 1068.50.  Since we risked a theoretical 0.75 on the initial stop-loss, we needed only a 2.25-point rally to provide a rationale for exiting the trade or taking a partial profit.