Yesterday’s trampoline bounce came from within less than three cents of the 26.705 worst-case target I’d flagged, so we should regard it as fulfilled. Unfortunately, robust as the rally may seem, it has yet to achieve impulsiveness even on the lowly 15-minute chart. We’ll give buyers the benefit of the doubt nonetheless as we’ve done in Gold, but they’ll have to push the futures above the 28.155 peak labeled in the chart to earn our further favor. Camouflageurs looking to get long at that point should infer opportunity from any ‘b-c’ pullback that begins from between peaks #1 and #2.
