The Ichimoku cloud charting system may be new to readers. It has two moving averages that are used in the conventional way, plus variations on these that make up the upper and lower edges of the cloud. All of these lines are, and have been, pointing steadily upwards since July, confirming a bull market and providing chart support. This month's dip has corrected an overbought situation, and Monday's tiny little hammer candle marks an interim low. The cloud propelled the index higher over the following two days towards the top of the 2,280 to 2,380-point range since last month. A weekly close above 2,380 points targets a measured move to 2,500.