The buzz concerning yesterday’s vicious short-squeeze in the final hour was that Europe had finally gotten its act together, but the initially exuberant response to this by-now weekly hallucination was nowhere in evidence Tuesday night. Even so, shorts were caught in the ringer at the bell, and the dirtballs who had promoted the rally by pulling their offers were not easing their grip.  In fact, the retracement from yesterday’s end-of-day peak was not even sufficient to bring the futures into a window where we might consider them properly recharged for a follow-through rally. That would require a print down at 1104.25 or lower, versus an actual low so far tonight of 1107.50.  There are no compelling opportunities that I can discern at the moment, but night owls should monitor the pattern flagged in the chart, since, if it plays out according to our rules, a time-limited buy-stop entry at ‘X’ may be possible.