Last week’s rally was quite encouraging, since it exceeded three prior peaks on the daily chart. Since there have been no B-C pullbacks yet, the impulse leg could conceivably surpass even more peaks before it takes a breather. Night owls and camouflageurs should look for entry signals on the 3-minute chart or less. As of this moment, there’s a superficially enticing pattern developing on the ‘3”, but the ugly double-bar ‘A’ makes it less than opportune.
