You can feel the ponderous weight of supply in the daily chart (see inset). Although the pattern lacks the symmetry of a textbook head-and-shoulders formation, there are enough similarities to infer that bulls are headed for a fall. Friday’s nasty bounce, a short-squeeze assisted by an army of by-the-dip dipsticks, left bears bleeding on the ropes. But because they are still breathing, expect a buoyant opening Sunday followed by a mild upward drift. DaBoyz will extract as much mileage from this non-bullish buying to reach the green line, where a conventional ‘buy’ signal would trigger. It’s hardly a stretch to think the squeeze could continue to p=6812.50, and so we shouldn’t underestimate the ability of DaBoyz to do whatever it takes to make that happen. If they should succeed at the unthinkable and achieve new record highs, we will want to get short up there aggressively,
$ESZ25 – December E-Mini S&P (Last:6767.25)
Posted on November 16, 2025, 5:20 pm EST
Last Updated November 14, 2025, 4:51 pm EST