The June contract turned flaccid after handily exceeding a rally target at 124^07 and has since created a strongly bearish impulse leg on the intraday charts. Shifting to the September contract, the pattern to watch is still developing on the 240-minute chart, having yet to create a point ‘C’ high.  If the still dominant bull trend is to resume, we should expect the correction to fail to reach its ‘d’ target — to instead reverse from near the still-unformed c-d midpoint.