The bounce from yesterday’s low came from a good place — the midpoint support of a minor corrective pattern. It was not sufficiently robust, however, to generate a bullish impulse leg on the hourly chart; that will require a modest thrust exceeding 1344.80 (peak #1) today. Note that there are three other peaks just to the left of it, and a pullback from above any of them but the last could provide an excellent opportunity to jump aboard.
