The bounce from yesterday’s stage-managed low was picking up speed in after-hours trading. However, as of 10:38 p.m., buyers were stalled at the 1356.50 midpoint resistance of the pattern shown. Because the so-far shallow pullback is from a legitimate point ‘B’ high of a bullish impulse leg, there may be an opportunity for night owls to get long via camouflage to a presumptive ‘D’ target at 1367.25. The chart shows which pattern to use. _______ UPDATE (12:44 p.m.): The tradable pattern I’d sketched never developed; instead, the futures spent the night screwing the pooch. When the opening bell rang, the best Da Dirtballs could muster by way of a short squeeze was 1363.75, a dubious noon-achievement that will put the futures in limbo, probably, till the final hour.
