The 2084.75 rally target shown was flagged during yesterday morning’s ‘impromptu’  webinar, but it came with a cautionary note about jumping aboard prematurely in expectation of a quick follow-through. This turned out to be good advice, since Mr Market spent the rest of the day screwing the pooch, presumably while awaiting better conditions to foment yet another short squeeze.  The target remains valid, and it looks like it could be shorted with a stop-loss as tight as 2-3 ticks.  However, I’d recommend doing so aggressively only if you’ve caught the ride higher, since any profits thereof could be used to widen the stop-loss when you reverse the position. Night owls will fare best if the rally resumes in the wee hours, but in any case, traders should look for a shallow pullback from just above peak #2 (2074.50) to initiate. I’ve sketched out a small ABC pattern to guide you. _______ UPDATE (8:43 a.m.):  The pattern I drew played out in actuality to yield a 2073.25 buy signal and a ride to D=2076.25. The futures subsequently ‘went mental’ on news that 321,000 new McJobs allegedly were created last month, but any subscribers who were long ahead of this would not likely have stayed aboard for the roller-coaster ride that ensued.