The rally nosed above 1751.80, an ‘external’ peak, refreshing the bullish energy of the hourly chart for another charge that should hit 1756.70, at least. The futures have retraced nearly $18 since, but that’s not as impressive as what bulls achieved earlier in the day. In fact, sellers would have to push this vehicle down a further $22.20, breaching a structural support at 1714.60, to negate the constructive value of Thursday’s surge.
