So far so good. The May futures have taken a healthy bounce from within a penny-and-a-half of the 29.940 pivot I began drum-rolling here on April 5. We’ll continue to trust but verify, however, since there’s no room for hope or hubris in this game. You should be aware in any case that if Wednesday’s low should fall, we’d be looking at more slippage to at least 28.680, a fresh ‘D’ target calculated from the next point ‘A’ high up the ladder. Camouflageurs looking for a way to board should focus on the five-minute chart, where a suitable ‘external’ peak at 30.800 occurred yesterday at 10:20 a.m.
