The chart shows yesterday’s snoozefest in a context that could ultimately prove tradable for night owls. Assuming C=1455.40 holds, the D target at 1494.50 can be shorted with a stop-loss as tight as three ticks.  There’s also room for some buying on the way up, predicated on an impulsive thrust that surpasses at least two of the many ‘external’ peaks available.  As always, an easy move past D would imply that there is additional buying power remaining to be spent. ______ UPDATE (10:15 a.m. EDT):  This dog got no lift whatsoever — just a couple false starts from a lower point C at 1456.80 — before it headed south. Nevertheless, the bad guys will have trouble pounding it much lower than the so far intraday low of 1440.50, since structural support from a 5/1 low at 1439.70 is nigh.