A 1305.25 rally target remains our lodestar, but a more immediate concern is the 1278.25 target of the lesser pattern shown. If it is approached, or better yet exceeded by just one tick, that could set up an excellent long-entry opportunity for a ride into the wild blue yonder. Notice the tiny, look-to-the-left peaks just above and below the target, including one at 1278.25. The pullback following any impulse leg exceeding those peaks could possess the subtlety we need to catch a nearly riskless ride to the higher target at 1305.25.
