Bears Once Again Pinned on the Ropes

Bears were hanging on the ropes when the closing bell rang on Friday. Presumably, and barring any world-shaking headlines, shorts will be eager to get ’em back when index futures open Sunday night. Regardless, I’ve put out some very bullish targets for the E-Mini S&Ps (see below) that should make pessimists think twice before trying to intercept the rally aggressively.