A short squeeze on extremely thin volume is accomplishing during the night session what buyers could not accomplish during the day — i.e., pushing the futures above Friday’s 1277.25 high to generate a fresh, bullish impulse leg on the hourly chart. Any camouflaged trading opportunities initiating entry with-the-trend will likely come from the impulsive pattern that I’ve fleshed out hypothetically on the hourly chart (see inset).  If the actual move as of 3:35 a.m. EDT goes more than a few ticks higher than the current 1279.50, however, opportunities to board the easy way are apt to diminish. A time-stopped entry may be necessary, with a buy-stop at ‘x’ taking a quick exit after, say, 30 seconds if no liftoff is forthcoming. _____ UPDATE (10:59 a.m. EDT):  The rally matched my sketch almost exactly, although, strictly speaking, the absence of a single-bar ‘C’ on the intraday charts would have precluded taking the ‘buy’ signal at point ‘x’.