Index futures have begun Sunday evening with a spongy reaction to the supposedly momentous vote in Greece — as though Wall Street were more interested in, say, the Sandusky trial than the financial future of Europe. The short-squeeze high for the move so far, as of around 8 p.m. EDT, is 1347.50 — equivalent to a Dow thrust of about 90 points. However, DaBoyz will need to goose this vehicle above May 10’s peak at 1356.75 to generate an impulse leg of daily-chart degree (see inset). None of this affects the viability of the 1378.25 rally target given here earlier, however. It can still be used a a minimum upside objective for this week, although I might have expected it to be in-the-bag by Sunday night.
