On their way presumptively lower, the futures have detoured for the last two days. The move is not quite a rally, but rather a sideways pause. Bulls could take mild encouragement if they succeed in pushing this vehicle the mere $9 it would take to create a bullish impulse leg on charts of lesser degree. (The move wouldn’t quite be impulsive on the hourly chart because the 1556.40 peak I’ve labeled is not a true one.)
