A bear market target at 9.57 will remain viable for the foreseeable future, but it needn’t inhibit our staking out a long position if more immediate signs warrant it. Presently, a minor abc rally projects to 12.44, subject to midpoint resistance at 12.15. Camouflageurs can try to catch a ride from these levels on the 1-minute chart, but it’ll probably be easier to get aboard higher, using the very subtle external at 12.49 that I’ve labeled. A ‘b-c’ pullback from a penny or two above it would offer just the opportunity we’re seeking.
