I mentioned the prospect of a 40-point rally in today’s commentary, and here it is in graphical terms. The C-D leg has been slow in its approach, to put it mildly, but the pattern itself is hardly farfetched. More immediately, the futures will need to resolve the bearish impulsiveness of yesterday’s plunge. If the 1404 rally target shown is to be achieved, the downtrending abc shown in purple will reverse from its p midpoint or higher.  Camouflageurs can try bottom-fishing there if the pattern unfolds more or less as shown.  You can learn how to do this stuff yourself — and more easily than you might imagine.  Click here for a free trial subscription.