Thursday’s blithe stab missed a rally target at 1178.75 by all of 1.75 points, so it’s a little odd that the futures spent all of the next day writhing like a wounded snake. It suggests the top could be in for a while unless buyers are back at ’em today with a push to new recovery highs.  In any event, I’ll recommend bottom-fishing at 1261.50, stop 1260.75, if the corrective pattern plays out like the one shown in the chart. ______ UPDATE (10:07 a.m. ET):  The stop proved too tight when the futures dipped to 1259.00 overnight, causing a theoretical trading loss of about $40. This was a heads-up for the failed rally and subsequent weakness that was to follow the opening.