We pored over the lesser charts in the chat room yesterday morning looking for low-risk opportunities to get short. Alas, a minor rally with a 1622.00 target fell a tick shy, denying us the easy opportunity we’d sought. This may have been for the better, however, since a far more important rally target sits just above it. (The topmost green line provides the exact number, although, for reasons given here earlier, I’d prefer not to mention it explicitly in this tout.) Camouflageurs, including night owls, should look for shorting opportunities now, but if the futures blow past the target on the opening bell, 1640.50 (A=1476.25) would be the next opportunity. Traders should exercise a bullish bias at any point in-between.
