Friday’s selloff left the bullish pattern shown intact, but let’s see whether it survives the usual Sunday night shenanigans before we look for any buying set-ups. Achieving the 22.910 target would equate to a 16% rally, but the futures may need to take out the point ‘C’ low at 19.270 first to shake loose enough bulls to make a steep thrust comparable to early July’s run-up possible. _______ UPDATE (August 8, 6:51 p.m. EDT): Today’s feeble oscillations left the short-term picture described above unchanged. _______ UPDATE (August 9, 9:31 p.m.): The futures have tripped a ‘counterintuitive’ buy signal associated with a minor rally pattern, but I recommend the trade only to those who fully understand it. On the 60-minute chart, here are the coordinates; A=19.490 on 7/25 at 8:00 p.m.; B=20.835 on 8/2 at 6:00 a.m.; and C=19.515 on 8/7.  Note that a pullback to x=19.851 would be a ‘mechanical’ buy, stop 19.510. _______ UPDATE (August 10, 8:07 p.m.): The ‘counterintuitive’ trade detailed above could have produced a profit of as much as $3300 per contract overnight.  I have not established a tracking position, however, because there were no reports in the chat room from anyone who did the trade.  If you are long based on my guidance nevertheless, you should be holding 50% of the original position with an adjusted cost basis of 19.130, shooting for 22.910. You should also take profits on another 25% of the position if and when the futures hit 20.995, my immediate target.