E-Mini S&P (833.00)

9122Yesterday’s whoopee-cushion thrust pushed the futures above Wednesday’s peak, creating a bullish impulse leg on the hourly chart. That means the pullback under way this evening will be a “buy”, albeit with such precautions as you can bring to the task by leveraging corrective a-b-c patterns. As of 7:40 p.m., the retracement had not developed sufficiently to yield a promising spot for bottom-fishing.