It is only on the lesser charts that bulls deserve the benefit of the doubt right now. As you can see (inset), the don’t-blink-or-you’ll-miss-it rally that marked yesterday’s tradable action, such as it was, got past an ‘external’ peak at 1209.30, creating a bullish ‘impulse leg’ on the hourly chart. Assuming the pullback that has followed doesn’t dip beneath 1204.30, it would take a booster thrust of at least $2.80 to launch the February contract into the lower atmosphere.  That would equate to a print at 1211.30, triggering a nominal ‘buy’ signal for a possible ride to 1219.60 in the early going. Key resistance would come at 1214.10, a Hidden Pivot midpoint’, but if it is easily breached, look for a smooth ride to at least 1219.60.  This is all little stuff, of course, intended mainly for short-term traders. Looking at a much bigger picture, for the futures to decisively end the bear market begun 27 months ago, it would take a $233 explosion that surpasses a tiny peak but technically significant peak at 1443.00 recorded last May on the way down.