The selling reversed from within a hair of the 2160.31 ‘secondary pivot’ flagged in the chart that accompanied yesterday’s tout. This is a tentatively bullish sign, but it would take a further push exceeding last Friday’s 2186.75 peak to suggest that buyers are back on the offensive. If they do regain their footing, you can use the pattern shown to get a precisely tradable handle on the rally. You’d be shooting for a minimum 2203.75, with three possible ‘mechanical’ opportunities to get long on pullbacks to x, p or p2.
