The futures sputtered out well shy of a 1241.00 rally target after topping three ticks above a lesser target at 1227.75.  The selloff was strongly impulsive, breaching two internal and two external lows on the daily chart.  The move could be shortable, especially by night owls, since the tail end was developing into a small abc pattern with a midpoint yet to occur. Beware of a possible bounce when that happens, however, since that will probably be the futures’ best opportunity to finish the week on an upstroke.  _______ UPDATE (1179.50): The pattern worked very closely to the way I’d drawn it, triggering a 1200.00 short-entry ‘x’ at around 3:15 after single-bar coordinates had been formed at points b and c.  Half the position would have been covered at 1199.00 (aka ‘p’;) and half of whatever remained at 1196.75 (the ‘d’ target of our small camouflage pattern).  For your further guidance, I am establishing a tracking position that leaves us  short one contract with a 2004.25 basis that has been adjusted for theoretical profit-taking at the price points given above.  Since the futures left no ‘external’ peaks on the wild opening bars that we could use for placing a stop-loss, and because seasonality will have turned very bearish when Wall Street’s brainless trading algorithms return to work on Tuesday, we’ll swing for the fences and let the single-contract position ride with a stop-loss at 2001.25.