Today’s chart takes a couple of steps back to show what became enticingly obvious with Wednesday’s impulsive thrust. A 40-point rally lies ahead, as well as a promising short from the 1708.75 target. Camouflageurs will need to be at their nimblest to get long, however, since the only ‘external’ peak remaining that can be leveraged is the one at 1666.75 recorded back in May. It has been exceeded in after-hours trading early Thursday morning, so it’s possible that only night owls will get a crack at it. _______ UPDATE (July 14, 11:32 p.m.): Waft, waft, waft. The futures were trading above Friday’s highs in very un-timid action Sunday night. Although the gains were relatively modest as of shortly before midnight, it is brazen of DaBoyz to venture into uncharted waters ten hours before the opening bell. Camouflage entry opportunities will be difficult to find under the circumstances, but the 1677.00 target of a minor pattern (5-min, A=1667.00 at 1:10 p.m. on 7/12) might be helpful to night owls.
