DaBoyz never looked back after knee-capping widows, orphans and pensioners in the early going Sunday night. From that point forward it was up, up and awaaaayyyyy, with only a modest selloff at the opening bell designed to rape the few nervous Nellies who somehow survived the night. By day’s end, the futures had recouped almost precisely 0.618 of last week’s losses. That could turn yesterday’s high into a stubborn resistance, but not so stubborn that we should bet heavily that it will endure for more than a few more hours. If the futures do in fact move higher as seems likely, there are not many distinctive ‘external’ peaks to use for purposes of generating a ‘camouflage’ buy signal. I’ve flagged one at 1859.50 that might work, however, provided a b-c pullback comes from just above it.
