Buyers fell 11 points shy of surpassing late February’s key recovery high, an achievement that would have generated an impressive ‘impulse leg’ on the daily chart. The earlier peak lay at 25,800 versus Monday’s intraday high at 25790. My hunch is that they will get past it on Tuesday, or at least within the week. But as a practical matter, and to be very cautious, I will treat a marginal breakout as a possible shorting opportunity via a ‘counterintuitive’ pattern. Assuming the Indoos do not first exceed 25790, a signal to get short, using DIA puts, would trigger on a drop to 25,176. Stay tuned to the chat room for guidance in real time if you care.