There’s no change in my immediate outlook, which calls for a burst to 34.270 if and when that number’s midpoint sibling at 32.960 gives way. A pop to 33.380 would still create an impulse leg sufficiently robust to make 34.270 an odds-on bet for the near term. Traders should consider using the two peaks just below 33.375 to leverage a camouflage ‘buy’. They are best viewed on a 30-minute chart, which can be accessed by calling up Wednesday’s tout for this vehicle.
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