My short-term outlook calls for perhaps another 2-3 days of corrective action before the futures attempt to take on resistance just above 119. If in the meantime they pull back to 117^31 without have exceeded 118^23 to the upside first, bid for a single contract at that price, stop 117^28. _______ UPDATE:  Bids at 117^31 would have been stopped out for a loss of $100 plus slippage, since the futures groped their way down to 117^23 before finding a temporary bottom.  The breach of the midpoint support is a bearish sign for the near term and suggests that more corrective action is likely.