The short-squeeze in the final hour that alleviated yesterday’s dirge is bound to have trouble reaching its 8714 target today, or even the target’s sibling midpoint at 8606. However, both will remain valid as long as an 8498 low recorded Monday evening is not exceeded to the downside. If the futures should close above 8688, the midpoint resistance of a larger ABC uptrend, expect Wednesday to begin with a lurch higher.
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