The futures were bound for 1329.75 at day’s end, assuming the short-squeeze begun from well below these level carries into Thursday. The 1319.25 midpoint is too close to yesterday’s high to be worth much for ‘camouflage’, but if the futures get through both of these resistances, you can safely infer that bulls will remain in charge into week’s end at least. My maximum upside objective for the near term (i.e., through Friday) is 1333.25.
