The futures have turned heavy, although this has not much diminished the prospect of a further rally to the 4950.00 target we’ve been using since early November to stay confidently on the right side of a bull market that has flouted all reason. Please note, however, that a swoon to either p=4558.74 or x=4363.25 would trigger an enticing ‘mechanical’ buy, even if many traders would view this as more than just a little discouraging, especially to start the new year. ______ UPDATE (Jan 2, 6:53 p.m.): A nasty day, but my gut feeling is that it happened only because every drooler and village idiot on the planet positioned himself on the last trading day of 2023 for a continuation of December’s joy ride. It’s just a correction. and buyers will soon be back.