The very precise pullback from the 1957.50 midpoint pivot confirms not only the bullish ABC pattern, but its 2016.00 target as well. A rally to that number would become an odds-on bet if 1957.50 were to be decisively penetrated to the upside. Night owls looking to get aboard can use a ‘mechanical’ bid at 1957.50, stop 1947.75, once the futures have pushed above 1966.00 (or so) for at least three consecutive bars. Use this tactic only if you thoroughly understand the rules of the ‘mechanical’ trade. Incidentally, the bullish target at 2016.00 has not invalidated the bearish one at 1795.75 given here earlier. That would take a print above the point C high, 1992.75.
