The strong rally that began the day peaked a single point from the 2489.50 target I’d flagged here the night before, allowing subscribers to get short without much difficulty. Some reported having done so in the chat room, and I am therefore establishing a tracking position of four contracts as is my custom. The futures have since fallen 21 points to a so far low at 2467.50, producing a paper gain of as much as $1100 per contract. For now, take a partial profit on half of your position and plan on exiting a third contract (or an additional 25% of your position) at 2457.25.  If you bought just a single contract, use an impulsive stop-loss based on the 15-minute chart. At present that would imply exiting on a rally that exceeds 2481.00, but the threshold should be adjusted downward as new descending peaks are formed on further weakness.________ UPDATE (Aug 9, 10:41 a.m. EDT) Move the impulsive stop-loss down to 2473.50 if you hold a single contract.  If you hold two or more, continue to use 2457.25 to exit 25% more of the position, but tie half of your contracts to a 2473.50 stop-loss. Exiting on that stop would boost partial realized gains while leaving one contract for a swing at the fences. _______UPDATE (Aug 9, 7:05 p.m.): The stock rallied to 2474.25 in the final minutes of the day, triggering the stop-loss I’d advised. Subscribers reported profits of $2000 or more on the trade, but if you did it strictly by-the-book you’d have come away with a gain of about $3500. The nutty short-squeeze in effect at the bell looked capable of delivering 2490.50 (exactly), assuming it gets by p=2474.75 overnight (30-min, A=2461.75 on 7/27). _______UPDATE (Aug 10, 9:31 a.m.): The futures fell overnight and look ready to take out the point C low of the bullish pattern when the opening bell rings. If the weakness continues, the September contract will grope its way down to at least 2445.00 in search of traction.