Yesterday’s dirge left a soggy mess on the intraday charts — a would-be predictable event for today that is not worth predicting. Scale up to the 180-minute bars, though, and it looks — still — like consolidation for a push into the 980s, at least. If so, I can’t say when all the excitement is likely to begin. However, as you can see in the accompanying chart, a thrust today exceeding 947.00 would be fresh meat for traders made hungry by the emptiness of Tuesday’s action. Not camouflage, for sure, but perhaps we’ll be able to get a handhold nonetheless. Stay tuned.
