Even under the magnifying glass of yesterday’s tutorial session there was precious little to do or to discover. Bullish and bearish influences on the daily chart are roughly equal, making it relatively easy for DaBoyz to wait for opportunities to either shake the futures down or squeeze them higher.   This could spell opportunity only for traders patient enough to wait for the subtlest possible impulse legs to develop on the one- and three-minute charts. _______ UPDATE (2:06 p.m. EDT):  The futures have gotten hit hard today, so we need a new downside target.  Using A=1124.50 from August 10, a fairly compelling pattern gives a downside target at 1040.25. This is corroborated by the fact that the downside stall has so far been at 1068.50, three ticks from the calculated midpoint 1069.25. What this implies is that a more decisive breach of the support — say, 1067.00 — is likely to send the futures plummeting to 1040.25, give or take just a few ticks.