The futures have opened on a gap higher Sunday night, hinting of distribution. The trend maxes out at 1329.25 on the five-minute chart, but higher highs are coming if DaSleazeballs are able to coax more buying from what has thus far been an anemic short-squeeze. They’ve recouped half of Friday’s presumably meaningless selloff already, but it’s anybody’s guess what will happen overnight. If the June contract simply heads higher, the 1355.00 target shown in the chart will be in play, along with its 1337.00 midpoint sibling.
