A modest rally target at 1118.50 still awaits the short squeeze that alone can carry the day for nitrous-sniffing bulls.  It’s obvious that ordinary, bullish buying — Kudlow and perhaps his aunt from Minneapolis — was not nearly sufficient to push the futures through Monday’s ephemeral highs. More such supply awaits near 1122 and will give DaBoyz an incentive to milk the Friday Effect for all it’s worth, so be prepared for a possible eruption of silliness in the final 30 or so minutes of the trading week. _______ UPDATE: With the Dow trading just above 10,000, I posted a minimum downside target of 9775 in the chat room.  The equivalent for this vehicle 1052.25.