The burden of proof has weighed on bulls since the summer solstice high (1129.50), which contained the gutless, month-long short-squeeze that unfolded following Independence Day. From current levels, buyers would need to reach 1098.75 in a sprint, since that’s what it would take to turn the daily chart bullish for the first time in ten weeks. The hourly chart already is bullish, but it took some brazen manipulation to make it that way, including a news-driven trampoline short-squeeze off Friday’s double-bottom low.