The April contract is making fitful progress toward the 1335.40 rally target broached here earlier. Traders should bring a confidently bullish bias to their efforts, but with the following caveat: Bullish AB impulse legs have routinely been generating false entry signals on the intraday charts. Accordingly, when looking for promising turning points on charts of larger degree, you should arbitrarily let the first such opportunity pass before zooming down to a lesser chart to line up the actual trade. In practice, this means waiting for a second point C low to form before you act.
