Our #1 bellwether spent the week screwing the pooch. Accordingly, I’ve adjusted our focus downward somewhat from the 176.52 rally target given here earlier. That is the D target of a much larger pattern. The less ambitious price objective is 170.57, and you should be prepared for a possible swoon to x=162.48, since that would trigger an enticing ‘mechanical’ buy. In the meantime, if you bought puts at the recent top that I’d signaled, you should cash out 25%-50% of your position. Swinging for the fences with put options hasn’t been a very good strategy in 2023. _______ UPDATE (Apr 26, 10:58 p.m.): The criminally engineered opening bar bottomed at 162.80, a hair above the 162.48 price I’d said would trigger a ‘mechanical’ buy.  Anyone still holding puts?  If so, please announce yourself in the chat room.