The next thrust will have to clear the 1458.50 peak shown to refresh the bullish energy of the hourly chart. That’s well beneath the 1465.50 target of the minor pattern in play at the close yesterday, and bulls need only supply enough push to get past the 1441.80 midpoint to make it happen. More immediately, traders looking to get long with camouflage cover should zoom down to the 5-minute chart, where an ‘external’ peak at 1434.50 (4/22 at 8:15 a.m. EDT) looks promising as a place to leverage a subtle pullback.
