Dragged kicking and screaming — though not, perforce, much lower — the futures gave back most of the gains they’d achieved overnight, continuing a downtrend that projects to 1295.25 (see inset). You can bottom-fish there with a stop-loss as tight as two ticks, but a less risky play — albeit one with higher odds of going unfilled — would be to bid 1393.75, stop 1392.75.
