Yesterday’s synthetic rally was 80% over by the opening bell, and once the session began it took sellers less than an hour to start piling on.  Yet again, however, we shouldn’t count DaBoyz out, since there are obviously more than a few panicky shorts still alive. They’ll get what they deserve for a second straight day if the futures should push above 1027.50, since that would refresh the bullish impulse on the 15-minute chart. More bullish still would be a move above 1031.50, the midpoint resistance of the pattern begun from yesterday’s low. It projects as high as 1049.25.  If the futures should unexpectedly delight by falling, the key support lies at 1014.75, a midpoint pivot. _______ UPDATE (10:22 a.m. EDT):  DaBoyz have shorts by the scrotum once again, but their success has been limited and labored, since the futures have yet to pierce yesterday’s high, 1038.50.  The 1049.25 target is very much in play, but I’d suggest keeping a close eye on the 1-minute chart nonetheless, shorting the first abc downtrend, since the squeeze is so noticeably lacking in power.