With virtually everyone apparently eager for the Santa rally to commence, the stock market has only grown increasingly constipated and agitated. I expected this condition to make it difficult for the E-Mini futures to achieve even the modest target at 1814.25 proffered here yesterday. What surprised was that when the rally failed to materialize, the ensuing selloff was not even strong enough to achieve an equally modest downside target at 1799.00. Under the circumstances, only the nimblest traders should be mixing it up with the E-Mini crowd right now.
