Yesterday’s wholly gratuitous swoon catalyzed a short-squeeze that has carried well above the 1353.00 midpoint resistance flagged here earlier. That will shorten the odds of a follow-through in the days ahead to 1386.25, its ‘D’ sibling. Because the target has been confirmed by a stall precisely at the midpoint, it is shortable either via camouflage or a tight stop-loss. More immediately, your trading bias should be bullish, possibly using either of the two ‘external’ peaks shown in the chart to get aboard via camouflage.
