The March contract looked poised Sunday night to make another downpayment on the 1494.50 target that was more or less guaranteed here a while back, even when this vehicle was falling. Shortly after midnight EST, buyers had pushed above the 1470.25 midpoint associated with a 1478.00 rally target. Camouflageurs should look for entry opportunities on the 5-minute chart or less, but I’d recommend doing so only after a bearish feint, since buyers seemed to be waiting for “news” to move the market higher.
