Minor rallies still seem to be struggling to reach unchallenging targets, but the short-term outlook is nonetheless bullish, since the futures spent most of yesterday consolidating above a minor midpoint resistance at 1614.20. Its ‘D’ sibling is 1624.60, and so we’ll use that number as a minimum upside objective for Thursday morning. However, if bulls break loose, use the 1646.20 target shown in the chart as a minimum objective. What I like about the pattern it’s associated with is the sibling resemblance between segments k-A and B-C.
