When the bell brought a temporary end to yesterday’s navel-gazing silliness, the futures appear to be headed up to 1048.25, a very modest objective that we can use for the moment as a minimum rally target. It would take an additional six ticks of upside, however, to surpass Monday’s high and refresh the bullish trend on the intraday charts. Alternatively, if the futures continue lower, a 1016.25 target mentioned here earlier would be the number to watch.
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