Just because the futures have pulped an 1157.25 target on the weekly chart does not mean we cannot remain properly skeptical by requiring every uptick on the hourly chart to pass the sniff test. That approach yields an 1177.50 target to shoot for, based on the pattern shown in the inset.  Camouflage entry opportunities will be in limited supply intraday, and so I’ll suggest using the 1-minute chart to take the first available ride after the opening bell.  Night owls can try bottom-fishing at 1160.25 with a three-tick stop-loss. That’s the midpoint pivot of a down-pattern on the 2-minute chart where A=1165.25 (March 17, 2:26 p.m. EST) _______ UPDATE (2:04 p.m. EST):  The midpoint pivot at 1160.25 gave way easily, telegraphing the intraday low at 1156.25 that was yet to occur.  That is a single tick from the 1156.50 ‘D’  target associated with 1160.25. (On the 5-minute chart, A=1165.25, B=1157.75, and C=1164.00.)  The theoretical loss on the trade was about $50.