Yesterday’s metaphysically enfeebled rally was a downpayment on a bigger push to at least 1136.50 that I’ve projected for the week. I’ve reproduced a chart that shows an intraday high that missed its 1112.00 target by a single tick. Was this foretold by the single-bar A-B-C coordinates I’ve highlighted? As far as I’m concerned, you can never go far wrong falling crazy-in-love with patterns described by three single-bar highs/lows. For trading purposes, night owls might want to focus on the tail end of the chart, with its bull ABC projecting to 1115.25. Catching a ride north will carry the same risk as last night, however: all intraday patterns point higher, ensuring that “everyone” will be trying to get long. _______ UPDATE (10:39 a.m. EDT): The futures ensured that only a very diligent few would catch the rally when they launched at 2:15 a.m. off a gratuitous dip beneath Monday night’s lows. The high was 1118.75 — achieved, of course, on the opening bar. ES then retrenched to a so-far low of 1109.50, presumably to load up for the next push.