Yesterday’s $40 bounce may have felt powerful in real time, but it did not surpass even a single prior peak on the hourly chart, and so it is suspect. It wouldn’t take much today to remedy that, since a $7 thrust from current levels, to 735.30, would surpass two “priors,” signaling a tone change of at least minor importance. Much more encouraging still would be a surge that gets past a peak-let at 761.50 made on the way down Wednesday. Pivot analysis suggests the futures could get to 741.20, or perhaps 748.50 if any higher.