The 969.25 rally target is get a bit mouldy, but it will remain valid nonetheless unless 813.00 is exceeded to the downside. The midpoint resistance (now support) with which it is associated lies at 891.25, and so we shouldn’t be surprised to see the futures pussyfoot near there in the hours (days? weeks?) ahead. The resistance should have been no more than a mild stumbling block, but the fact that it has put up a fight about to stretch into its fourth day is yet more evidence that there is insufficient buying power to short-squeeze stocks into a 3-5 week rally as some of my guru colleagues evidently expect.