The presumptive consolidation from Friday’s highs has proceeded without tripping any false buy signals on the three-minute chart. What this suggests is that traders can and should use this chart to spot the subtlest sign of a breakout reversal. In this technical environment, the first AB impulse leg that occurs seems likely to take you to the CD midpoint, at least.  Bear in mind that the single-bar ‘C’ in this instance will yield the best trade set-up we might look for. Upside potential is to 83.32, or 83.75 if any higher. _____ UPDATE (11:18 a.m. EDT): The suggested trade would have been profitable, although staying aboard for an even bigger rally that came later would have taken patience.  Sticking to the single-bar ‘C’ rule got one long at exactly 82.97 at 4:57 a.m. EDT. Contact with the midpoint, and therefore an opportunity to take profit on half the position, occurred about 18 minutes later. FYI, the single-bar ‘C’ was at 4:39 a.m.