The E-Mini S&Ps made no progress whatsoever yesterday toward an ostensibly ‘easy’ rally target at 1984.50. In the past, stalemates like this one have been resolved to the upside once sufficient pressure has built up to trigger a wave of short-covering. Odds will always favor that scenario in a bull market that has been chugging along for more than five years, but we’ll keep an eye on the lesser charts nevertheless just to be sure. The first sign that something has changed would occur with minor abcd retracements exceeding their d targets.