There are a couple of lesser corrective patterns with implications less punitive than the 1470.10 midpoint support proffered here earlier as a minimum downside objective. Unfortunately, however, the respective midpoint supports of each have been breached decisively, reinforcing my earlier conclusion that a dip to 1470.10 may be as good as we can hope for.  Still, the fact that yesterday’s encouraging recovery occurred from a low 7.50 points above our target opens the door to the bullish signal that would be generated if the futures were to exceed 1543.50 without having gotten down to 1470.10.  This is shown in the chart.