An 1152.25 downside target remains valid, notwithstanding a squeeze on shorts Monday night that has added the equivalent of about 50 Dow points to this gas-bag. An immediate rally target at 1199.50 has little to offer night owls, but a pop today above the 1208.50 peak highlighted in the chart would be reason to pay heed. ______ UPDATE (1o:45 a.m. EST): The futures topped overnight at 1199.00 before dropping back 15 points to a so far low of 1184.00.
