Although the futures managed a $20 rally off yesterday’s lows, they still looked unimpressive. There were two bullish impulse legs on the lesser charts when the dust had settled, but if buyers had been more enthused they would have achieved this feat with a single burst. Once again, we’ll set the bar at 1222.90 to tell us when buyers have turned serious. Otherwise, the 1162.30 target flagged here earlier will remain in force.