First published at 00:03 UTC on June 8th, 2022.
Woah, what a Squeeze!!
Buyers have control after today’s ‘short-squeeze’ sent prices racing higher off range lows.
Now we’re back to range highs – buyers need to step-up with a breakout or this “bull trap” could trigger a massive reversal again!…
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Woah, what a Squeeze!!
Buyers have control after today’s ‘short-squeeze’ sent prices racing higher off range lows.
Now we’re back to range highs – buyers need to step-up with a breakout or this “bull trap” could trigger a massive reversal again!!
Emini and Nasdaq are bullish with strong runs higher today – Breakouts are certainly possible, but I'm hoping we get another 2-Try Reversal!!
Crude Oil is bullish with a strong spike higher – bulls still have room to run, but don’t miss this “double top reversal” on the retest!!
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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