With a 1378.25 rally target, our trading bias is bullish for the moment. Most immediately, that would imply bottom-fishing at the 1344.75 corrective target shown. Camouflage is the preferred means of entry as always, but in this case a straight bid tied to a 1343.75 stop-loss will suffice. The trade could ripen soon enough to liven the wee hours for night owls. A completion of the down-pattern to ‘D’ must be regarded as likely because of the decisive penetration of the ‘p’ support earlier this evening. _______ UPDATE (2:57 a.m. EDT): Cancel the trade. Although the 1344.75 target is still valid in theory, the lazy drift of the c-d leg has bent it too far out of shape to be appealing.
