We remain focused on 1581.20 as an upside target. The futures appeared to be sustaining altitude early Thursday evening, holding nicely above the 1533.40 ‘D’ target of a lesser pattern reached earlier in the day. This suggests that the bad guys may be in for another rough day on Friday. However, they’ll have more than a slender reed to lean on at 1581.20, since it is a target that has been a while in coming. I’ve reproduced a chart alongside so that you can see this once again for yourselves.
