Price action at the moment is unworthy of our attention, but keep loosely in mind the midpoint resistance at 1163.25 if DaBoyz should succeed in getting a short squeeze going. They’ll have plenty of opportunities to do so in the future, and we should never count the thieves out, but at the moment, they seem burdened by the news. On the hourly chart, it would take 1165.00 — slightly above our pivot — to turn the short-term outlook bullish.
