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Offer extended through Friday (9/3).
Friday’s short squeeze to 1016.00 left an unachieved rally target at 1019.25 that is still valid in theory. This hints of at least mild weakness to come, although there is no predicting Monday morning’s mood. If there is selling, it would not become threatening unless the low recorded on July 31 at 978.25 is exceeded to the downside. Night owls looking to get long Sunday using camouflage will need a choppy ascent that appears to struggle its way past the 1011.25 peak made on the way down on Friday. It is visible on the 3-minute chart.
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