Unaccountable forces have driven a $15 push higher late Tuesday night, and although the so-far apex of the move has fallen a tad shy of the 1339.00 benchmark I’d said would generate a bullish spark, the actual high at 1338.40 was good enough to create a moderate impulse leg on the lesser charts. Since the move has yet to break above any true ‘external’ peaks, however, the one at 1338.90 (see chart) remains usable for camouflage purposes. That would be especially true if the rally that exceeds it fails to clear the slightly higher peak at 1340.50 before pulling back in b-c fashion. If that is in fact what occurs, you shouldn’t hesitate to seize the opportunity with a buy-stop entry.
