My trading partner, John Boutiette, took a short position in this vehicle on Thursday that was nicely profitable by day’s end. However, even though he covered some contracts on the pullback, I had to avert my eyes when bears got squeezed for the hundredth time on Friday. My gut feeling now is that buyers were acting much too feisty on Friday to ease their grip on shorts’ cahones. Sunday night’s ostentatious calm, together with the feebleness of the pullback so far, only increases the likelihood that we’ll see new record highs in the week ahead.  Night owls with designs on getting long should use either of the pivots shown for tightly-stopped bottom-fishing. _______ UPDATE (1:56 p.m. EDT): Good news for the short position, since the futures are falling today after taking a fleeting bounce from the 2002.25 pivot shown in the chart.  They are currently trading around 1994.00, down 12 points, so I’ll let the short run for now, tied to an impulse leg-based stop on the 5-minute chart.