The futures have been up as much as $13 this morning after basing overnight at 1315. The move is not yet bullishly impulsive on the hourly chart, but it would take a further push of just 1.90 above today’s so-far high at 1333.60 to remedy that. Any pullback from just above the relevant peak (1335.40 on 8/13 at noon EDT)) should be viewed as a buying opportunity, but you’ll need to position the trade on the 5-minute chart or less to reduce entry risk to our wonted 4-5 ticks.
