Three days of unmitigated, chicken-hearted slack attest to the grave difficulty DaBoyz are having popping the futures above the summer-solstice and early-August highs near 1120.  However, instead of praying for good news, of which there will likely be none, they will simply continue to jerk shorts up and down until they’ve had enough. When the bears capitulate, it will squeeze the futures above external peak #1 at 1122.00, and probably #2 at 1124.50. We’ll require a bit more than that, though — i.e., a breach of the look-to-the-left peak  at 1133.50 — before we join the revelers up to cliff’s edge.