We’re still looking for the modest thrust that would transform the sideways tedium of the last six weeks into a glide path to new all-time highs. As I noted here yesterday, all it would take is a push above 1757.90, an external peak recorded September 22 when the futures were getting slammed over a period of several weeks. They got within shooting distance of that number yesterday at the top of a so-far $64 rally from this week’s lows, but buyers turned timid just short of a 1754.00 peak from last week that marked the highest price achieved since the futures bottomed in late September.
