We’re limited to day-trading now, enthralled to the coin-flip randomness of each session’s price action. Thursday’s close was bullish just the same, since it vaulted an external peak at 1421.75 recorded last Friday. The fact that the futures have spent 12 hours since then doing absolutely nothing does not portend an ebullient breakout today, but it should at least put traders in a bullish frame of mind. If the futures push above 1433.00, it will raise the obvious challenge of a further push to mid-October supply centered near 1458.
