The futures turned maniacally higher from a bottom fully 10 points above our target, telegraphing the take-no-prisoners short-squeeze that was to follow. DaScuzzballs were allowing only a shallow pullback Thursday night — one that was not bearishly impulsive even on the lesser charts — hinting that they will show no mercy when stocks open Friday morning. If you’re looking for a risk-averse way to board, I’d suggest ‘camo’ patterns on charts of 5-minute degree or less. As of around 2:43 a.m. EDT, there was an excellent opportunity thereof for night owls. _______ UPDATE (11:51 a.m. EDT): How odd. On the 3-minute chart, the futures completed only one minor abcd rally overnight, and it went nowhere. Even on the opening, with the obligatory short-squeeze to begin the day, the futures could muster no more than bull-trap spike to 1640.75. The subsequent downtrend, still in progress, points to 1620.75, subject to the destruction of a midpoint support at 1627.00 that was precisely tested just moments ago.
