It would be tempting to say that the futures took off like a bat out of hell toward the end of yesterday’s session, but in fact, the so-far $22 rally has barely registered on the hourly chart.  That’s because the impulsive thrust has exceeded just one internal and one external peak so far — just enough to qualify as impulsive — and the latter is so close to the former that the two could be lumped together, effectively, as a single peak.  So what would it take to solidify the bullish case? I’d need to see a push today to at least 1353.20, since that would add to our count two more “external” peaks exceeded.  In the meantime, it’s promising that the futures have turned higher from a midpoint rather than from its ‘d’ sibling at 1310.50.  That target will nonetheless remain valid in theory until such time as 1352.40 (aka point ‘C’) has been exceeded to the upside.