Thursday’s dirge overshot a minor downside target at 2093.25, hinting of more weakness to come. If so, we should expect it to follow a high recorded sometime between 3 a.m. and 5 a.m. EDT tonight. Volume is practically nil at that hour, making it DaBoyz’ favorite time for engineering swing tops and bottoms when no one is looking. The simplest, although not necessarily least risky, way to get short would be to offer a contract at 2097.00 (p2) , stop 2098.25. This would effectively be a mechanical trade, albeit one against the trend, and you’d be playing for a relapse to the already-used D. A camouflage trade would be the more conservative approach, since DaBoyz might be able to waft this hoax above p2 if there are no sellers present. _______ UPDATE (10:03 a.m.): The futures went flat at slightly higher levels overnight, necessitating a gratuitous swoon on the opening. DaBoyz have short-squeezed the futures nine points off the low so far, and bears are still caught in the ringer. But don’t expect this ruse to go much higher, since, as usual, there is zero buying interest from ostensible bulls.
