We hold a single contract with an effective cost-basis of 1641.50.  This is a tracking position for your further guidance, since two subscribers confirmed entry on the terms spelled out here Friday. The futures appear to be consolidating above the trendline we’d focused on, and although that will give us more leeway to let paper profits run, it is never wise to forsake a stop-loss. Accordingly, I’ll recommend placing one for today at 1649.10, which is where the hourly chart would turn bearishly impulsive.  The price point is shown in the inset. _______ UPDATE (11:43 a.m EDT):  We exited on a gratuitous swoon to 1645.10 for a theoretical gain of $360 per contract. We’ll try again when an irresistible opportunity like the last arises. It is not a positive sign that the futures could not hold the trendline.