The promise of the sort-of impulsive AB leg is marred by its narrow failure to exceed the look-to-the-left external at 1739.70. Nevertheless, if we were to give the bull the benefit of the doubt, the pattern projects to 1754.00, subject to midpoint resistance at 1735.80. That’s 1.70 above Thursday’s high, but if the pivot is surpassed by, oh, 1.10 or more, I’d rate a run-up to the target an even-money bet.
