The rally looks capable of hitting 14.355 today (see chart). If so, that would create a powerful new impulse leg on the daily chart, exceeding a shelf of resistance created in late August. Beyond the pivot lie two price points that we should hold firmly in mind: 15.010, and 16.120. The first, a logical minimum target for the next 3-4 days, would equal a 50% retracement of the collapse from mid-July’s highs; the second, a 0.618 retracement.