As of around 2 a.m., the futures had come within two ticks of the 1080.25 rally target flagged here yesterday. If they get short-squeezed above it — a good bet, I would say — look for the rally to continue to at least 1092.50.  There were  no good handholds for a camouflage entry on the lesser charts, but I wouldn’t recommend using a breakout above 1080.25 instead, since you’re bound to have plenty of company. ______ UPDATE(11:27 a.m. EST):  The futures’ chicken-hearted confrontation with the 1080.25 pivot last night proved telling, since the index has been down by almost 17 points this morning. DaBoyz are attempting to squeeze shorts at this moment, but I doubt they’ll be able to wring much mileage out of them.  You can short 1069.50, stop 1070.25, if the opportunity should arise. _______ FURTHER UPDATE (11:35 a.m.):  Cancel the short offer, since the futures are selling down hard from a 1067.75 high. The target remains valid nonetheless, but we should have preferred to short it on the first trip up.