The ambitious 1494.50 rally target shown looks like a lock-up, given the gap through its p midpoint sibling at 1438.50 on Wednesday. Since all price action that has occurred since is presumptive consolidation, we should look for our camouflage entry opportunity at the midpoint support — or possibly the D target — of any lesser corrective patterns that occurs today or Monday. I’d suggest focusing on the three-minute chart, which at this moment is developing an abcd pattern with a 1450.25 midpoint and a D target at 1445.50 (a=1460.50 on Jan 3 at 1:54 p.m. EST; b=1450.00 on Jan 3 at 3:39 p.m.) ______ UPDATE (January 7 at 12:41 a.m. EST): Late Sunday night, the futures were entering their fourth day of a tedious consolidation. Our trading bias is bullish, and I would suggest using the 15-minute chart to find an impulsive rally worth buying. Camouflageurs can drop down to the three-minute chart in search of a smaller pattern with an ‘x’ entry trigger, but make sure that the larger pattern (i.e., on the ’15’) meets the single-bar rule.
