In off-session trading, the futures have now stalled precisely at my 1513.90 midpoint target. Although a nearly $6 selloff has ensued, we should take encouragement from the fact that 1513.90 is exactly one tick higher than an important peak recorded May 5 on the way down. That means the finishing stroke to Monday’s rally was impulsively bullish (see chart) and will remain so unless 1502.70 is exceeded to the downside.  For the moment, however, bulls are acting timid, allowing a minor rally pattern to carve out a lower point ‘c’ at 1507.30. If it survives, traders should use the 1512.80 high for camouflage, since its breach would portend more upside to the 1518.50 ‘d’ target associated with midpoint resistance at 1512.90. _______ UPDATE (9:09 a.m. EDT):  While most of us were sleeping, the futures fell $13 after topping at 1519.30. The low so far has been 1506.40, but it’ll take 1502.60 or lower to turn the lesser charts bearish.