With bulls and bears locked in a tiresome duel on the hourly charts, traders can play either side of the market, but I’d suggest coming to the task with low expectations. Early Monday morning, even the three-minute chart yielded no high-odds plays — only a feeble-looking impulse leg followed by a useless succession of point ‘C’ lows. A run-up to a previously aired target at 1404.00 is still possible over the near term, but that number is losing its heft as a reason to attempt camouflage.
