Friday’s thrust put an 18.185 rally target in play (see inset), but buyers will need to push the futures decisively past p=17.970 to ensure their success in getting there. The futures are receiving boost from a larger pattern as well, but I haven’t used it because, with a low point ‘c’, it projects only to 18.005. The rally would gain added significance if it achieves the target, since that would imply an impulsive push past an important external peak at 18.040 recorded on October 5.
