 Welcome traders to another tickmail chart with me, Patrick Manley. Want to draw your attention to a developing opportunity? We're looking at the cash S&P 500. We're on the intraday hourly timeframe. Had a nice move back up to print new highs for all-time highs at 41.96. I'm looking now for a three-wave corrective pattern to develop versus the swing high here at 41.85. Looking for a test of the equality objective to 41.64. Also got the weekly pivot coming in there and the 50% retracement of Friday's advance. Watch for bullish reversal patterns here to set long positions, initially targeting a move up to 42.25. We can extend through there up into monthly range resistance at 42.47 and then be on there into the new weekly range resistance at 42.65. As always, traders, plan the trade, trade the plan, and most importantly, manage your risk. Until next time, thanks very much.