Yesterday’s nasty short squeeze fell 5 points shy of a minor, 1403.50 target, favoring yet a little more upside progress Tuesday night. This would offer a scalp-trade opportunity at best for night owls, since immediate prospects appear to be somewhat limited. If the futures should effortlessly surpass the 1403.50 Hidden Pivot, however, the 1419.75 ‘D’ target of a pattern of greater degree (see inset) would be in play — would be an odds-on bet, actually, since its 1379.25 midpoint sibling was obliterated by yesterday’s take-no-prisoners charge.
