The 3960.50 rally target shown is equivalent to the one at 1987.25 flagged in tonight’s E-Mini S&P tout. Because the Naz is trading in record-high territory, however, there are no ‘hooks’ for camouflage trading in the form of external peaks to the left. The target looks like a good one nonetheless, and it can be shorted with a stop-loss as tight as three ticks. If you fill the order please let me know in the chat room so that I can establish a tracking position for your further guidance. ______ UPDATE (July 24, 5:33 p.m. EDT): The futures have overshot the target by about 30 points. This has bullish implications going forward, but for now this vehicle is in correction mode. The top will become more significant if corrective abc patterns of minor degree start overshooting their targets.
