The small threat posed by last Thursday’s decline was negated by a weak rally to end the week. It positioned the futures to push higher, presumably toward the 2223.00 target shown. We have numerous bullish targets in play at the moment, but this one and the pattern from which it is derived promise to give us a precise handle on the move. The futures have already tripped a ‘mechanical’ buy signal at the green line, implying we should be looking for opportunities to get aboard in any way possible:  via camouflage, counterintuitive and/or mechanical entries. A decisive push past the red line is still needed to ‘guarantee’ the target, and the pattern itself would require a stall there to confirm it. It may take a week or two to reach the target, since Wall Street will need to shrug off rotten Q2 corporate earnings that have now declined for four straight quarters. Although this has been of scant concern to investors, it may take a week or two for them to return to their giddy ways — and for short-covering bears who have powered the bull market from one record high to  the next to turn panicky again. _______ UPDATE (July 25, 7:10 p.m….July 26, 8:44 p.m.): Zzzzzz. No change.