The 1889.75 target I posted in the chat room at midsession Tuesday’s caught the intraday low within three ticks, although only a single subscriber mentioned having used it to trade. The futures have breached it by four points so far during the night session, but it’s too early to tell whether bears are going to romp for a third straight day. Rather than guess about it, I’ll suggest using an ‘impulsive’ alert to warn if short-covering has achieved critical mass. In the chart shown, that would imply an unpaused thrust exceeding the 1911.25 ‘external’ peak that I’ve labeled.  This means that once the rally exceeds the first peak at 1899.25, there can be no significant pullbacks on the 30-minute chart before the futures clear 1911.25. Alternatively, if this vehicle gets hit again, use 1867.75 as a minimum downside projection. You can locate that target on the 30-minute chart using these coordinates: A=1920.50 (2/2 at 8:30 a.m.); B=1889.00 (3:30 p.m.) _______ UPDATE (11:38 a.m. EST):  Both the high and the low targets given above proved precisely relevant for trading purposes, since the futures’ range so far has been 1865.00 to 1910.75. Bears obviously lack the moxie to deliver the haymaker at the moment, so we’ll have to resign ourselves to yet another day of gratuitous spasms, courtesy of the algos.