The presumptive correction from May’s all-time high at 15542 may about to end, since the Dow need tack on only 20 points to yesterday’s high to generate a robustly bullish impulse leg on the daily chart (see inset). I’ve labeled the two relevant peaks — one internal, the other external — that will have been surpassed in the process. As you can see, both are distinctive, single-bar highs whose breach would leave no doubt about the power and authority of this rally. Note as well that peak #2 is ‘backstopped’ by two others that sit in its shadow. Taken together, they represent a formidable supply zone that looks like it’s about to be conquered in a mere week.  From a trading standpoint, there is little to do right now. However, if and when the ABC pattern further develops and trips a buy signal, we’ll want to open a long position — perhaps in the Diamonds — using camouflage and the leverage of call options.