Even on the weekly chart the vicious short-squeeze off the October 16 low looks impressive (see inset).  Will the move achieve new record highs? As a practical matter this should be of no serious concern to us, since we’ll continue to trade price movement in whatever way best suits our goal of profiting with relatively little exposure.  Paradoxically, the least risky way to get long over the next few days would be to do so with the futures flirting with September’s all-time high. Panic, fear, greed, uncertainty and, or course, stupidity will all be at an extreme then, but to us the chaos will just be “impulse legs” that are easily tradable using signals from the lesser charts.  Most immediately, the futures appeared bound for a Hidden Pivot target at 1966.00 when trading ended on Friday.  This implies a possible bullish opportunity for night owls on Sunday, but as always, if the resistance is easily exceeded, that would be a yellow flag for bears keen on intercepting the rally. Do it if you like, but mpt aggressively unless you’ve been long for the ride up. _______ UPDATE (11:40 a.m.): This post in the chat can speak for itself: “Great call on ES at 1966. It actually topped and 1965.75 and fell to 1944.5. That has made my week, and its only Monday morning.” I haven’t established a tracking position because no other subscribers reported doing the trade, either northbound or shorting the top.