All that bouncing around between the red line (p) and the brown (p2) implies the futures are bound for at least 1192.20, the target of the minor rally pattern shown. There was a ‘mechanical’ buying opportunity on the pullback to p=1183.00 that would have required a stop-loss at 1181.50, but if you missed it you can attempt a belated entry on a pullback to p2=1187.50 after that hidden resistance has been exceeded by at least 1.60 points. The usual rules will apply, including ‘white space’ beneath the intervening bars between breakout and pullback. Since profit potential would be a theoretical 4.60, an initial, 1.50-point stop-loss would apply from the time of entry at 1187.60. _______ UPDATE (10:16 a.m. EDT): The futures blew past the 1192.20 target, putting in play the new one shown, at 1248.00. Its midpoint pivot at 1205.10 should stop the rally, at least for a while, but any decisive move past it would bring p2=1226.52 into focus. The futures did not pull back overnight to provide the easy buy we’d hoped for at 1187.50, but there were other ways to get aboard ahead of this morning’s surge. A ‘camouflaged’ rally pattern that played out late Wednesday night, for one. On the 15-minute chart, for instance, A=1183.50 at 9:15 tripped a midnight buy signal at 1186.50 that would have subject the buyer to little stress or strain. ________ UPDATE (June 21, 4:00 p.m.): The 1205.10 midpoint pivot flagged above has stopped buyers in their tracks, but if they can get past on Monday it would shorten the odds of more upside over the very near-term to at least 1226.52, and thence 1248.00. _______ UPDATE (June 22, 9:12 p.m.) Yesterday’s feeble selloff was technically irrelevant other than for day traders. For the record, it left the futures sitting exactly where they were on May 26, nearly four weeks ago. ________ UPDATE (June 24, 12:38 a.m.): Zzzzzzzzzzzzz. Set your snooze alarm for 1191.20, since that’s where the August futures would begin to look interesting if they rally today. Alternatively, if they should fall, look for a tradable bounce at exactly 1165.80; or if any lower, 1152.60.