Suspiciously, yesterday’s $21 rally fell an inch shy of the 1589.90 threshold where I’d said the week would be off to a good start. Buyers could well muster the requisite push today, but the fact that they missed on the first try portends a struggle to move this vehicle significantly higher. Most immediately, that means the 1598.10 midpoint resistance shown could be a rally-stopper. If not, its ‘D’ sibling at 1637.60 would become an odds-on bet.
