The rally off yesterday’s low got past an “external” peak on the 30-minute chart, but it failed by a tick to exceed the second that we require to signal a bullish impulse leg. Ordinarily I’d deliberately overlook this sign of weakness because I have come to forecast higher prices for this vehicle more or less habitually each day. (Does it ever go down??) For a change, though, and to help break a bad habit that could eventually lull me into complacency at the wrong time, I’m going to focus on a bearish target at 1194.00. Shown in the accompanying chart, it can be bottom-fished with an 1194.25 bid, stop 1193.50.