The 1613.25 rally target proffered here yesterday came within a point of nailing the intraday high, but that wasn’t good enough because I’d advised a 1.00-point stop-loss on the short. It may be a moot point by the time you read this, since the futures were glowering with bullish menace shortly after 2 a.m., having pulled back by a mere 9.00 points intraday. The subsequent drift higher has created a bullish impulse leg on the 5-minute chart (see inset), but there didn’t seem to be enough energy in it to give night owls much lift. All things considered, will be on the sidelines at Friday’s opening bell.
