Tiresome corrective action was pointing to 1761.30 early Monday morning (see inset), predicated on a breach of the 1768.00 midpoint support shown.  The 1808.30 rally target of a larger trend remains in play, but it has been extremely slow in coming. We’ll know bulls are getting serious if and when they push past at least two ‘external’ peaks on the hourly chart without pausing for breath.