The key to today’s chart is that the intraday high exceeded the labeled ‘external’ peak at 2697. That means the futures could fall by as much as 70 points and still be considered a buying opportunity. They looked to be in no danger of falling that hard Tuesday night, especially because DaBoyz were being careful not to juice them too greedily ahead of the opening bell. A shallow correction overnight would provide a bullish set-up for Wednesday, and that’s what I am expecting. If the likely short-squeeze that would result gets rolling, you can use the 2767.25 target shown as an upside target.
