We’d almost forgotten what a day of selling was like when unrelieved by the hysteria of a short-squeeze at some point, usually in the final hour. It’s a change, for sure, and so we’ll want to pay close attention to any further signs that buyers may be suffering from terminal fatigue. The action Monday night was too screwy to parse, since there appeared to be a rather large seller suppressing any follow-through to the machine-driven upthrust that ended Monday’s session. Anything below 1144.00 is bearish, however, since it follows a bearish impulse leg begun at that price when yesterday’s 1127.00 low breached last Thursday’s by a single tick.  This is bearish, as I have noted, though not quite ominous, not yet. ________ UPDATE (8:50 a.m.): The futures have rallied overnight to 1142.25, but we’ll set the bar at 1146.75 to separate success from failure as far as DaBoyz efforts to get a short-squeeze going.  That’s where a bullish impulse leg would be created on intraday charts of higher degree.