From just above a predicted low at 119^10, the futures have now rallied to within a whisker of our first important rally target, 121^28. Someone in the chat room reported booking a $400 profit on a long position taken near the lows, but it would have required daring, not to mention cunning, to have extracted much more than that. The 121^28 target is no longer significant from a trading standpont, but we’ll be focused on it nonetheless, since an easy breach would shorten the odds of another leg up.
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