It’s late Sunday night, and the futures have finally surpassed December 16’s ‘external’ peak at 1251.70, generating a bullish impulse leg on the daily chart. It has been a month since this last occurred, although that encouragement failed to produce much of a follow-through. Traders should bring a bullish bias to the task nonetheless, leveraging with ‘camouflage’ such entry opportunities to get long as may become manifest on the lesser charts. The tactic would become less speculative if a pullback creates a distinctive point ‘C’ low on the daily chart today or tomorrow. Any subsequent entry signal would represent the best low-risk entry boarding opportunity we’ve seen in a while.
