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Here We Go Again…

The new week has begun with a bold short squeeze Sunday night that looks capable of reaching the 2833.25 target sent out earlier for the E-mini S&Ps.  It is nearly identical to last Sunday night’s short squeeze, but somewhat stronger than the one the Sunday before that. (Do you see a pattern here?)  Last week’s goosing petered out shortly before noon on Monday, so we should be especially careful about getting sucked in if the futures seem impressive two-and-a-half hours into the day. If they are able to close above the target, take it as a sign that the 2851.75 target of a larger pattern noted in the latest ES tout is well in play.