Yesterday’s blitzkrieg rally was sufficient to turn all of the intraday charts — although not the ‘daily; that would take a print at 1353.90 — bullishly impulsive. It won’t require much of a pullback to prep the December contract for another leg up, but when it comes, you should try to board at the signaled ‘x’ entry point, zooming down to perhaps the three-minute chart to find an equivalent and less risky ‘x’ in microcosm. I’ve sketched this out (see inset) for your further guidance. _______ UPDATE (12:07 p.m. EDT): All signs are still bullish, but the futures are taking their sweet old time consolidating. In practice, this will make it difficult, at least today, to get long via camouflage. I’d be tempted myself to stake out at least a small position at the close, however, since a continuation of the uptrend on Sunday seems like a better-than-coin-toss bet, at least to me.
