US stock futures pointed to a slightly higher open Wednesday following world markets higher overnight. The Shanghai Composite was particularly strong while we slept surging 2.8%. Well-known technical analyst Tom DeMark opined yesterday that Chinese markets could rally as much as 48% in 2013. Yesterday the S&P absorbed Monday's bearish outside reversal well holding its 25% Fibonacci retracement level and 10-day moving average. The low of the day was 1403 which is the short-term pivot traders will be watching if we fade this morning. The longer we stay above this level the higher the probability we test the 50-day ...