The 2055.25 target flagged here earlier is looking more and more compelling, notwithstanding the fact that it is of lesser degree than the one at 2037.50 that the futures have been diddling for the last two days. That implies a 25-point ride from here — one that beckons night owls who have time on their hands and a little guts. The little ABC pattern at the rightmost edge of this chart is the one you should use to get aboard, since it has already tripped an entry signal at  2033.00 that projects to 2039.75. The stall at p=2035.25 is a concern, but if DaSleazeballs are DaSleazeballs I think they are, They are going to run this sucker up in the wee hours.  The small pattern won’t make you rich if you catch a ride, but that’s not the point of it; the payoff is in the potential finishing stroke to 2055. _______ UPDATE (12:29 a.m. EST): The trade worked perfectly, the futures having pushed up to 2039.00, three ticks from the target. If you got long, use a break-even stop and go for extra bases — i.e., 2055.25 — with what remains. _______ UPDATE (8:39 a.m.): The futures went nowhere overnight, presumably stymied by the 2037.50 pivot. Yesterday’s incredibly sluggish action could have been attributed to the Monday factor. But two days in a row?  That’s creepy. The most logical explanation I can think of is that every trader on earth was long straddles, or something like straddles, over the weekend.  The “unwind” would of course imply a state of coma for volatility, at least until each and every buyer of every put/call has had the marrow sucked from his bones. Owning straddles is like paying life insurance companies extra for an over/under bet on when you’ll die. _______ UPDATE (8:32 p.m.): No change: The 2055.25 target remains viable. Set an alert at 2010.50, however, since a print at that price today  or tomorrow would generate a very potent, bearish impulse leg on the intraday charts.  If you want a hair-trigger warning of trouble, use 2025.50.