The futures failed to get airborne after embarking on phase 2 of yesterday’s short-squeeze, but the impulse leg itself was still intact and presumably waiting to be ‘actualized’ when the day ended. If this happens it will probably be over before it begins, perhaps by way of a short-squeeze that leaves traders choking on dust at the opening bell. However, night owls might be able to catch a ride with a ‘camouflage’ entry. The most useful ‘external’ peak available for this purpose is the one at 1780.50 high that I’ve labeled. Any b-c pullback from just above it (i.e., 2-3 ticks) would be just the ticket.
