Our focus is still on the 1594.25 target shown, so you should put shorting this little critter out of mind at least until it gets there. Notice that after two stalls at the midpoint resistance last week, Thursday’s push broke through it, if only slightly so far. While that’s sufficient to imply that a surge to 1594.25 is most likely, it isn’t quite strong enough for us to infer that blastoff is imminent. Accordingly, camouflageurs should zoom down to the 10-minute chart or less if looking for a place to board.
