Yesterday’s rally got impressive mileage, but let’s hold off on the celebration until it clears the external peak at 881.60 shown in the chart. The fact that the bull will not have achieved this feat on the first attempt is mildly discouraging, but it’s nothing that a pop today exceeding 904.20 (a tiny peaklet made on the way down September 30) wouldn’t cure instantly. That would be very bullish indeed for the near term.