The 1305.25 target proffered here on Friday is still my minimum upside objective for the near term. Since that implies plenty of upside potential, I’ll suggest that night owls attempt to leverage it with a tightly stopped bid at the 1241.00 midpoint support shown. If the futures should head higher straightaway, reaching the 1256.00 target of a lesser uptrend in progress when the music stopped on Friday, camouflageurs can use the small peak at 1254.25 recorded on Friday for a subtle way in. It can be found on the 3-minute chart at 8:48 a.m. Eastern Time. _______ UPDATE (10:42 a.m. EST): The futures topped precisely at th 1256.00 target noted above and are now on their way down to the 1242.25 midpoint support of the new pattern. Amidst today’s muddled, pointless tedium, you can try bottom-fishing there either using camouflage or a bid with a three-tick stop-loss.
