The tedium of the last two days seems predicated on Friday’s payroll numbers. Could things be so dull on Wall Street that DaBoyz are hoping this insignificant crumb of useless, made-up data will goose stocks into a short squeeze? Stay tuned. In the meantime, night owls can try bottom-fishing at the 2088.25 midpoint Hidden Pivot shown. I’d suggest a three-tick stop-loss, but if it’s hit be prepared for more slippage to p2=2083.50, or 2078.75 if any lower. Assuming the week’s lackadaisy continues, 2078.75 should be as bad as it gets. Any lower, however, would be telegraphing further weakness presumably sufficient to spill into next week.
