There is little to encourage in the daily chart (see inset), so perhaps contrarians should take heart? We’ll continue to use downside targets at 17.37 and 16.22, although a tradeable turn from p2=18.19 his week is certainly possible (daily, A=21.57 on 6/27).  If you’d prefer to be on a hair-trigger for the very first sign of life, set a screen alert at 19.89. A print there would generate a bullish impulse leg on the daily chart, exceeding an ‘external’ peak recorded August 18 on the way down. _______ UPDATE (Sep 3, 10:51 a.m.): The futures have bounced from within a hair of the 17.31 target shown in this chart, but don’t get your hopes too high. _______ UPDATE (Sep 8, 10:03 p.m.):  The criminally engineered swoon on the opening triggered an unrecommended ‘mechanical’ buy at the red line, implying that more upside to D=18.81 is a done deal. More bullish still would be an easy move through it on first contact.