Today’s commentary, written Saturday, speculates that the latest eurobailout — this time, of Spain — may not produce much bang for 125 billion bucks. Still, odds favor a finishing stroke to the mild short-squeeze that was in motion when last week ended. Specifically, the E-Mini S&P was bound for 1345.25 at the bell, having neatly impaled that Hidden Pivot target’s 1325.50 midpoint sibling.  The scenario may begin an  end on Sunday’s opening bar, so I’ll leave it to Pivoteers to make hay with 1345.25, presumably by shorting it. As you can see for yourself, the target does not lack for clarity. _______ UPDATE (9:21 p.m. EDT):  Even for a Sunday night this short squeeze is something special, perhaps because DaBoyz realize that this latest bailout may be fattest pitch they’ll get for a while. The move projects to as high as 1367.50, calculated by moving point ‘A’ down to  June 5’s 1267.50.  Camouflageurs looking for a belated way to get long will probably do best waiting for a pullback to 1336.50, the Hidden Pivot midpoint associated with 1367.50. _______ UPDATE (11:23 a.m. EDT):The opening bar of Sunday’s night’s vicious squeeze was as much as DaScumballs could coax from this vehicle; it’s been downhill since. Still, the move’s impulsive bullishness remains, and the whack-os who are yet on board will have the edge, technically speaking, until such time as the pullback hits 1304.75. At that price, a ‘duel’ would become manifest that somewhat favors bears.