The bounce from yesterday’s lows looked bound for 1188.70 at the close, subject to midpoint resistance at 1179.50.  A print at that last price would not encounter any obvious structural resistance, so it’s possible we would have relatively little competition if we were  to attempt to get long on a breakout above our “invisible resistance.” As of around 9 p.m. EDT, there were no downtrends on the lesser charts to set up a possible bottom-fishing attempt. _______ UPDATE (9:03 a.m. EDT):   The strategy was a winner, since the futures surged $6 after stalling at precisely 1179.40 for two two hours in the wee hours.  They have since sold off as they so very often do after making an overnight high, but the 1188.70 target will remain valid in theory as long as 1170.30 has not been breached to the downside. _____ FURTHER UPDATE (11:27 a.m. EDT):  The futures rallied to exactly 1188.60, then pulled back to a so-far low of 1182.00.  They appear to be consolidating for another run-up, but it seemed to be developing too slowly to hit its 1202.40 target during this session.    Keep in mind that we have a more important target working as well — at 1208.90.