Bulls shouldn’t get too cocky, since the most notable — and suspicious — fact about yesterday’s rally was its failure by three ticks to hurdle the external peak at 1354.75 created during Tuesday’s selloff.  As always, Da Sleazeballs were looking Wednesday night to accomplish via a short-squeeze on non-existent volume what they could not during regular hours. The set-up for this all-too-familiar con-game is the relatively shallow pullback from Wednesday’s intraday high, 1354.25.  Lest we mistake a push through that peak as significant, let’s raise the bar to 1362.50 today — a tick above a second ‘external’ peak shown in the chart.  If bulls can get there today, we’ll have to take them seriously. Again. Would you like to learn how we use the ‘camouflage’ trading technique to significantly reduce entry risk? Click here for details.