Viewed on the daily chart, the apparent swiftness of the recovery from the plunge begun last Friday looks, well, unseemly, especially considering the steepness of the rally it was presumed to have been correcting.  Couldn’t the bulls have waited for another day or two before leaping anew?   Whatever the case, we can ill afford to ignore the fact that the futures  slightly exceeded  an  important peak recorded last November before they took a breather. That is of course bullish, and the implications thereof will remain intact as long as the S&Ps don’t take a 50-point header next week.