There  are two targets just above that look like enticing shorts.  The first lies at 1157.00, but I am wary of initiating a position there because the futures have already hit 1157.25 as of midnight and the night is still young.  The second lies at 1161.00 and would give us a little more cushion against what looks to be a developing short-squeeze. The risk is that the top will occur below our offer, perhaps at 1157.25.  In any event, I’ll recommend offering two contracts short at 1161.00, stop 1162.25.  The chart shows the two relevant patterns.