The 1353.00 target precisely contained the most recent short squeeze, but if it gives way today or tomorrow, that would suggest that there is plenty of buying power remaining to be spent. The next logical stop would be a Hidden Pivot at 1362.50 noted here earlier, and although it will offer a promising spot to try getting short, camouflage tactics should be used to initiate the trade, since the target comes from an imperfect pattern on the weekly chart. In the meantime, as of late Sunday night there didn’t appear to be any good handholds for getting long, even on the lesser charts, because of the gap-up opening that began the session.
