Yesterday’s 118.43 high came within 0.05 points of surpassing a key peak recorded in August just ahead of a selling avalanche. There is no disparaging the importance of this peak, the penetration of which would re-energize the bullish impulse on the weekly chart. Unfortunately, bizarre strike-price adjustments have made this vehicle all but untradable, at least by retail customers.  My strategy would be to butterfly the 127 strike, since that’s where DIA appears to be headed. As an alternative, we may be able to use SPY options as detailed elsewhere in today’s touts.