Yesterday’s flaky price action created a new and bullish target at 31.485 with a midpoint sibling at 30.875 that has already been surpassed (although, crucially, not on a closing basis). We can factor the target into a short-term picture that includes two others: 31.100 (missed yesterday by three cents); and 32.525, a Big Picture pivot that looks like a lock-up to me. The gnarly pattern associated with 31.485 is shown in the chart.
