It’s 9 :40 Sunday night, and the futures have bounced nearly $12 after testing Friday’s $1372 low. Because the bounce has come from a too obvious place, we’ll  hang out the yellow flag until such time as the rally touches 1396.30 —   $12.10 above the evening’s so far high.  That would create a strong impulse leg on the hourly chart while putting in play a Hidden Pivot target at 1400.20.  The futures look like they’re struggling too hard to go lower to present a serious downside risk at the moment, but if they break down nonetheless, closing below 1370.80, that would be warning of more downside over the near term to as low as 1348.60.