Notice in the accompanying chart that the futures tripped a buy signal at 1824.40 last Thursday, subsequently reaching the 1831.50 midpoint pivot where half the position could have been exited for a partial profit. The 1845.80 D target was narrowly missed, but a move above it today, especially one that fails to exceed the #3 external peak at 1846.50, could generate a very subtle, and therefore very appealing, ‘buy’ set-up. Keep in mind that it is obscurely impulsive patterns such as that, that afford us entry opportunities designed to take advantage of the fear and confusion of others at breakout points. _______ UPDATE (11:12 a.m. EST): Somehow forgot to mention this last night, but 1859.50 is where this stupid rally is going most immediately.
