Buyers struggled at the 2115.13 midpoint resistance more than they should have if they’re intent on reaching the 2147.50 target shown by week’s end. Paradoxically, any weakness that brings the futures down to the green line at 2098.94 should be regarded as a ‘mechanical’ buying opportunity, stop 2082.50. Given the $800 theoretical entry risk, you should consider using ‘camouflage’ to whittle it down to more like $80. The rally target is one of three that I’ve aired lately. The other two, based on larger, bullish patterns, lie at 2069.25 and 2250.00. A key resistance associated with the latter lies at 2136.00.
