Yesterday’s trampoline rally looks like it needs more corrective action to set up a C-D follow-through. However, its potential power is unmistakable, given the fact that the intraday high exceeded two external peaks (see chart).  As of 9 p.m. Thursday I could find no handholds for night owls to bottom-fish the so-far shallow correction. What this implies is that you will need to find camouflage on the very lesser charts to enter with the trend when it turns bullish again. I cannot predict at this point whether the opportunity will come at night, or after the opening, but it looks like it could be worth your patience and diligence.  _____ UPDATE (12:33 p.m.):  DaBoyz evidently sensed there was not enough buying power on the opening to take stocks seriously higher, so they instead goosed stocks into a fleeting short squeeze that allowed them to unload the inventory they’d accumulated overnight. In the wake of this bull trap, ES has sold off 15 points, but it may be ripe for bottom-fishing momentarily. To that end, I’ve posted a 1019.75 correction target in the chat room, and you can bid there with a 1.00-point stop-loss. I’ve also suggested entering on camouflage, using the first signaled point ‘X’ after 1019.75 is hit or approached within a few ticks. [Epilogue: The futures went no lower than 1022, so we did nothing.]