We saw signs of weakness in yesterday’s rally when the futures failed to reach the 1372.00 target shown in the chart.  At the time, during the weekly tutorial session, we were looking for a real-time trade to bring some excitement to the class. It was not to be, however, since the futures provided little in the way of opportunity, even of the camouflage sort. My bias will be bearish at the outset Thursday morning, but price action was too constipated on Wednesday to promise a compelling trade set-up overnight. ________ UPDATE (11:43 a.m. EST):  With today’s sharp upthrust the futures have recouped all of the losses from Tuesday’s selloff. They have also generated a bullish impulse leg on the hourly chart by exceeding two internal peaks and one small ‘external’ (although suspiciously not two others just above it).   To be convinced, we await further evidence of buyers’ resolve.