The pattern shown, with a 2456.75 rally target, looks logical and compelling in a gnarly kind of way. I have enough confidence in the target to suggest shorting there with a stop-loss as tight as 2457.50 (!), but you’ll probably feel more relaxed if you’ve been long for at least a piece of the implied ride higher. I don’t trust the red line as a place to park a mechanical bid, but if the futures should get a little wild in the early going and fall to the green line (2425.25) in the first hour of the session, you can get long there ‘mechanically’ with at 2414.50 stop-loss. Don’t place this bet if the futures have traded below 2425.25 prior to the opening bell.
