After playing footsies with our rally targets for the last two days the futures caught a short-squeeze gust in the final minutes of yesterday’s session, stealing a few more points to create a 777.00 high. This created an impulse leg on the hourly chart that is subtle (see chart) but which should be understood by bears as a shot across the bow.  Thefact that it happened on a Tuesday raises the prospect that the week could  be especially memorable for anyone still short the averages at this point.