The 1310.00 downside target is still valid, as is the bottom-fishing strategy given here earlier:  buy 1310.50, stop 1309.50.  Yesterday’s price action may have bored would-be traders death, but you need to be aware nonetheless that an upward reversal without the futures’ having quite achieved the 1310.00 downside target would pose a menace to bears.  This would occur today on a 1341.50 print, provided the thrust to that number is unpaused once past the 1332.00 peak shown in the chart. We remain short a single contract from 1363.00, stop 1358.25.