A push to new record highs seems a foregone conclusion at this point. The futures are exactly where they were three weeks ago, when I drum-rolled a 1494.25 target as a potentially important high. That could still be the case, since the target itself, missed by 1.25 points, remains viable. It wouldn’t be the first time a bull trap was sprung at a marginal new high. As a practical matter, let’s plan on getting short at a hitherto unremarked target that comes from the weekly chart. So that the target doesn’t become a sitting duck for front-runners, I’ve provided coordinates in the chat room so that you can calculate it yourselves. They can be found in a post at 00:49 Tuesday, the first of the day.
