Friday’s impressive surge brought this vehicle to within a hair of the 447.16 target we looked at during a recent online tutorial session. That is neither bullish nor bearish per se, but it wouldn’t take much more to re-fortify buyers for a sustained move. Specifically, bulls need only hit 458 to knock off five prior peaks on the hourly chart. These are shown in the inset, along with last week’s push to D=447.16.
