Shortly before midnight, the futures had recouped about 40% of the $33 bull-trap selloff that greeted anyone who bought the opening bar Sunday evening. The recovery high at this moment is 1826.30, but buyers will need to do just a little better, decisively exceeding a minor midpoint resistance at 1827.20, to put its ‘D’ sibling at 1845.60 in play. Nightowls looking for camouflage to get long should use an 1827.60 peak recorded at around 6:05 Sunday to set up an impulsive pattern with a point ‘x’ buy signal (see chart). The number for bulls to beat today is 1856.80, where lies a peak recorded last Wednesday on the way down. Anything above it would create a robustly bullish impulse leg on the hourly chart.
