Back-to-back impulse legs on the intraday charts suggest that bulls are quietly building strength for an attempt at recouping Tuesday’s big loss. My immediate upside target is 33.550 (30m, A=32.860 on 3/7 at 11 a.m.; B=33.510, C=33.225). A thrust to that Hidden Pivot looked like no worse than an even-odds bet Wednesday night because its midpoint sibling at 33.550 has already been exceeded by six cents. Even so, it wouldn’t take much from here to create a minor, bearish countertrend. A print at 33.330 would suffice (30m, a=33.480 at 8:30), and completion to the ‘d’ target of the pattern would have bearish implications for the near term
