A relapse to 1570.80, a midpoint pivot shown in the chart, could provide an attractive buying opportunity even if it causes bulls yet another fit of despondence. More immediately, though, night owls should monitor the small, bullish pattern at the right-hand edge of the chart, since its ability to establish a point ‘c’ low, and then to reach — and exceed! — the still-unplotted midpoint resistance can tell us much about the strength of larger trends at play.
