Use the 31.905 midpoint resistance shown in the chart as a bullish tripwire, since buyers will need to push this vehicle above it to start fulfilling the promise of the $5+ impulse leg begun from last Wednesday’s one-off low at 27.965. If the pivot is exceeded on a closing basis or by more than three cents intraday, I’d infer that more upside to at least 34.715, the midpoint pivot’s ‘d’ sibling, is imminent.
