It’s still too early to know whether we caught an important top with the 1337.75 target discovered during Wednesday’s tutorial session, but it’s clear enough already that we caught a tradable top. Price action was too erratic yesterday to produce a useful target for Friday, however, and a short-squeeze at the  close made it even tougher. It was attributed to a supposed invitation, Obama to Boehner, to talk about the budget.  The kick-the-can agreement that could come at any time will surely be used to short-squeeze the market yet again, even though whatever agreement comes is not likely to help the economy or stocks in the long, intermediate or short term.