The futures look bound much lower, to the 2656.50 target shown. In fact, if they rally to the green line (see inset), that would trigger a ‘mechanical’ short entry. Since the initial risk of the trade would be around $2700 per contract, I’ll suggest either watching from the sidelines or, if you’re eager to mix it up with crazies, using the 5-minute chart to set up a camouflage entry. This is bound to be tricky, and so I’ll recommend sticking close to the chat room if you require real-time guidance. The ‘mechanical’ trade is ideal for initiating trades in vehicles where price action is especially violent. Let’s see if that holds in this instance._______ UPDATE (Oct 14, 5:07 p.m.): The 5-minute chart provided a ‘camouflage’ set-up to get short at 2756.00 in the manner noted above, but there were no reports in the chat room of anyone having done the trade, so I’m not establishing a tracking position. It was triggered shortly after noon Friday and went on to hit its D target. If you took partial profits along the way and held 25% of the original position, it was still near break-even following the sharp rally into the close. The larger pattern remains intact and implies more slippage next week to the 2656.50 target proffered above. The trade meets our simple criteria for a  ‘mechanical’ short with good odds.  The ‘mechanical’ set-up is in fact sufficiently compelling to tip my bias bearish until the target is reached._______UPDATE (Oct 15, 10:11 p.m.): DaBoyz had bears trapped in a nasty after-hours short squeeze, implying they are keen to distribute stock ahead of weakness they expect on Tuesday. We shall see. _______ UPDATE (Oct 17, 12:21 p.m.): The most powerful rally of the year still smells like a distribution, but we shouldn’t get in its way, nor should we have any preconceived notions about how high panic-stricken bears can push this gas-bag. The closest significant peak, and therefore the number to beat, lies at 2900.00 (10/9)._______ UPDATE (Oct 18, 11:29 p.m.): The futures tripped a theoretical sell signal midway through the session, but bears failed to capitalize on it. I’ll recommend nevertheless that you use p=2730.88 as a minimum downside objective for now, predicated on a 2637.50 target that would be in play if p is decisively penetrated. Here’s the chart for your further guidance.