Yesterday’s rally was NOT impulsive on the hourly chart, having turned chicken-hearted just shy of a one-off peak at 1101.75 recorded last Thursday.  It may seem paradoxical to infer that the futures are demonstrating their weakness with each new upthrust, but that’s the way it looks to me.  My recommendation is to short this chazzerai  each and every time you get a chance, using micro-tight stops above the respective ‘p’ midpoints and ‘d’ rally targets.