New Weeks Begins with Bears Already Trapped

by Rick Ackerman

Index futures and bullion have opened moderately higher Sunday evening, suggesting DaBoyz are in no hurry to lighten up on inventory. I’ll weigh in later this evening when there is more evidence to judge the mood of investors, but at the moment, they seem quietly confident. I have provided some ambitious rally targets in my latest tout updates below, and there should be little doubt they will be achieved. ______ UPDATE (Aug 31, 12:22 a.m.): What began as a quiet rally has turned into yet another bear squeeze that could exhaust shorts by dawn. At that point the E-Mini S&Ps could be trading at the 3545.50 target sent out earlier, spent but incapable of pulling back to any significant degree.

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