Tonight’s most recent stab on the lesser charts has created a bullish impulse leg and also exceeded a minor ‘D’ target. This means short-term traders should position from the long side, even as we suspend our disbelief concerning the ostensible reason for the rally: Spain’s worsening plight and the stimulus this supposedly will coax forth. Night owls have one more peak to work with at 1296.50 (see inset) to leverage the next ‘camo’ abc pattern.
