There is short-term upside potential to 1653.30, the midpoint pivot of the rally pattern begun last Friday from 1545.50.  In the meantime, a promising camouflage pattern mentioned here yesterday is playing out as hypothesized with a point B high that has surpassed a prior peak at 1629.70 without getting past the more obvious one at 1632.00 (see inset).  Entry would have come at 1629.10, presumably via a pattern of lesser degree.  If the position survives the night and I hear from at least two traders who got long using the tactic advised, I’ll establish a tracking position for your further guidance.  I will also do so if anyone gets aboard following the creation a second point ‘C’  (i.e., one lower than 1625.50, which is close to being breached).