The 31.030 rally target given here yesterday continues to serve as a minimum objective for the near term, but a close above it would augur more upside over the near term to as high as 32.145. The effort so far this week has created a bullish impulse leg on the daily chart by surpassing an ‘internal’ peak at 29.740 recorded last Wednesday and an external at 30.210 from December 21, implying that any pullback that doesn’t breach 29.210 to the downside would be setting up another rally leg. More immediately, night owls can use the pattern shown to try to get long. The entry signal has already been tripped at 29.930 on the ’15’, so you’ll need to drill down to the ‘5’ to get aboard belatedly.
