As long as I have to keep hanging out a bullish target (i.e., 969.25) each day, I can barely look myself in the mirror. Bullishness does not come naturally to me, most particularly at times like this, when a 2000-point plunge in the Dow would barely even begin to discount reality. Still worse would be for me to get caught with my pants down around my ankles, green-lighting 969.25 just as the plunge finally begins to unfold. For that reason, I’m going to keep a close eye on the abcd pullbacks, even as I continue to billboard our mildly surreal rally target. The target will remain viable unless point ‘C’ (813.00) is breached to the downside. However, it would take only a print at 857.00 to raise serious doubts concerning the bulls’ resolve, since that would create a bearish impulse leg on the hourly chart. For trading purposes, you can play the long side leveraging whatever opportunities the intraday charts may provide. We’ll definitely try to short 969.25 if we get the chance, though, and I’ll provide guidance to do this using SPY options when the time comes. If you’d like to be apprised via an onscreen pop-up, keep your bulletin launcher switched on for the remainder of the week.