I drew a trendline a while back that showed a fearsome chasm opening up on the weekly chart, but it’s probably safe to draw a steeper line that will afford bulls an additional cushion if buyers should go derelict between now and year’s end. From a Hidden Pivot perspective, the outlook is heartening for the near term – tradable, even, by night owls, since a spear up to 18.675 has created a nice, but not too, impulse leg on the lowly five-minute chart. Points A and B are, respectively, 18.535 amd 18.675, but I’d suggest letting the first ‘X’ entry get stopped out before attempting entry.
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