If you used the very tight, 1.00-point stop loss advised, you’re short from 1339.25 and have covered half the position at 1336.25. (This action was purely mechanical, based on a risk:reward of 1:3 held constant throughout the trade. Since initial theoretical risk was 1.00, we needed at least 3.00 points of favorable movement before we took our first partial profit.) For your further guidance, I’ll assume two contracts remain. Cover one at 1333.50, but tie the bid to a one-cancels-other order buy-stopping two contracts at 1340.25.  On a profit-adjusted basis, we are short the two contracts with a 1342.25 basis.  If you initiated the trade on a single contract, use a 1340.25 stop-loss, switching to a 2.50-point trailing stop and a 1327.00 minimum target if 1332.25 is touched.  We will re-short if the futures surge to 1356.00, but the trade should be initiated using camouflage.  Unofficially, however, you can use a 1357.75 stop-loss. ______ UPDATE (10:48 a.m. EST): We exited the position six minutes ago, buying back the shorts at 1340.25 for a theoretical gain of $200.  Next stop for this meth-crazed Mother of All Bear Rallies:  1356.00.