Bears’ best efforts yesterday weren’t sufficient to push this vehicle remotely near a 1623.75 downside target I’d proffered. Now let’s see if bulls have the gumption to forge higher, first by pushing past the 1660.75 ‘p’ midpoint pivot shown. Long entry has been triggered Thursday night at 1655.75, and so the pattern is fair game for camouflageurs looking for a low-risk buy-in. DaBoyz aren’t likely to goose the rally to D=1670.50 overnight, although it looks like a pretty good bet to reach p=1660.75. Thereafter, traders might have to abide a second (i.e., lower) point ‘C’ before this hoax can find purchase on the morning’s news.
