Short squeeze again or true reversal finally?
Continuing on Friday‘s weak close note, S&P 500 took a premarket dive, and then the table was set for a short squeeze to start, right as called (both moves). More details in yesterday‘s video. My ultimate resistance level of 5,892 was though breached on strong price action before the close yesterday, and on aftermarket trading – bringing up the question as to whether we‘re witnessing more than a day or two lasting short squeeze.
That‘s the key question I‘m diving into in today‘s punchy premarket video, examining yields, USD, gold, and as well various S&P 500 breadth indicators coupled with sectoral analysis – coupled with this article (the premium question feat. Crypto and CPI plans too), that‘s also one not to miss!
Reprinted from FXStreet，the copyright all reserved by the original author.
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