The pattern show in the chart is arguably the most logical choice for projecting the next rally top, but it could also yield a nice entry point for a ride north.  As of 1:30 a.m., the retracement from B was a tick shy of falling into the bottoming window.  However, if and when it does, printing   1201.25 or lower, the futures should be considered fully recharged for the next leg up.  Entry at point ‘X’ would be triggered exactly 5.50 points above the low.  There are elements of camouflage here because the rally top at ‘B’ looks like little more than a failed attempt to conquer the final, fleeting spike before Tuesday’s collapse. In fact, the A-B rally is a legitimate impulse leg because it surpassed the required two prior peaks. _______ UPDATE:  A market spooked by Goldman’s new troubles has taken the futures down some, relocating our ‘A’ to 1177.75.  Bull trades are ill-advised at this point, although, as of 11:30 a.m., buyers could speculate with an 1196.50 bid, stopp 1195.75. Three ticks’ risk is all this one’s worth.  _______ FURTHER UPDATE :  The support held up for all of two minutes, and we got stopped out for a $38 trading loss. Next stop:  1190.50.