We have a rally target at 2203.75 outstanding, and another at 2236.75, but I doubt we’ll see any movement ahead of the weekend that is commensurate with such ambitious price objectives. More likely is further chop between the green (x) and pink (p2) lines, with a worst case of 2148.25 if the futures should shock us with a serious selloff. ‘Mechanical’ shorts have been working about two-thirds of the time, but we’ll wait for better odds before we attempt trading in either direction.
