A midpoint support at 1303.80 looked like a great place to try bottom-fishing with a stop-loss as tight as four ticks, but this was only if the point ‘C’ of  the pattern, 1311.90, was not exceeded to the upside.  At the moment, the futures are trading at 1311.30, having touched 1311.90 at the peak of this evening’s recovery rally. The trade is still valid, but if it doesn’t happen, it will obviously be because buyers would not let the futures fall.  Minor upside targets beckon at 1312.60, 1317.70 and 1328.10, but it is another at 1340.00 that I’ve been hyping that remains most crucial to the intermediate-term picture.