I’ve hung out a 1219.25  rally target, but it is more to keep you from falling asleep than to induce you to consider said target as a serious and immediate trading possibility.   Money-making opportunities aside, it’s hard not to notice that the futures have been struggling unwontedly since last Friday’s micro-selloff.  In times past, the mere appearance of a multi-day struggle would have sufficed to allow DaBoyz to set the hook for a short-squeeze.  But because buyers, even those needing to cover shorts, have quite obviously dwindled to nothing, it seems more likely that DaBoyz will need to pull the rug out, dropping the futures in some ostensibly scary way before they apply the ol’ short squeeze.  Most immediately, scalpers and night owls are advised to do their hunting on the five-minute chart, which at this instant suggests a bottom-fishing possibility at 1190.50 (A=1207.50). A three-tick stop-loss would be appropriate. _______ UPDATE (9:26 a.m. EDT):  An psychotic lunge overnight invalidated the 1190.50 target, so the trade is off.