What a swoon! Chartists can be pardoned if they had serious doubts about the long-term bull after the futures plunged in late May. However, the sensational recovery has put them on track for a shot at 126^05.5, and this has become even more likely in the wake of the consolidation now taking place above a 124^00 midpont resistance. The feeble k-A segment relative to the large B-C pullback makes the target itself less than ideal for trading, but it will serve just fine as a minimum price objective for the next thrust.
