Friday’s price action tediously marked time, further solidifying the bold impulse leg begun three weeks ago from nearly 60 points lower.  Entry into this pattern at 1319.75 has already been tripped, so any opportunities to get long signaled now on the very lesser charts are fair game. FYI, on the three-minute chart even in retrospect, such opportunities were difficult to find. This implies we may need to drill still lower, to perhaps a one-minute time frame, to find the opportunity we’re looking for. Because the week-ending short-squeeze came in the final hour of the session, bears are likely to be on the hook when trading resumes Sunday evening. Although DaBoyz who dominate on Sundays habitually try to maneuver index futures lower, they may have difficulty doing so this week.  Accordingly, if the futures pull back no farther than 2-3 points, shorts had better take cover ahead of Monday morning’s opening and bulls should trade more boldly than usual. _______ UPDATE (8:45 p.m. EDT):  The futures have been down as much as 10 points so far tonight, implying DaSleazeballs are having difficulty maneuvering stocks low enough to exhaust sellers as they do nearly every Sunday.  If DaBoyz should briefly lose control, keep the 1280.50 target in mind that was flagged here a while back, since it’s still valid.  So is the midpoint at 1304.25, which explains why the futures have been dancing around that number for the last four days.