Monday night, with a news backdrop utterly devoid of interest, DaBoyz appear nonetheless to have short-squeezed this vehicle an impressive 14 points — equivalent to more than a hundred Dow points. However, because nine points of the rally seem to have occurred in the space of a single one-minute bar, it’s possible the price spike is a bad print. In any case, because of the haywire price action, you should no longer attempt to get short via camouflage as originally advised. (If you did so anyway via a straight 1181.00 offer, stop 1182.25, please let me know in the chat room how the trade worked out, since it’s not clear whether there were any fills between 1379 and 1385.) If it turns out the spike was legit, it would imply the so-far 7.50-point pullback is likely to produce a C-D follow-through attempt. If so, its strength should be telegraphed clearly by the ease with which it gets through the midpoint resistance. On the 25-tick chart, as of around midnight, it lay at 1382.75, tied to a 1387.75 target.
