We continue to move sideways inside the squeeze between 37 and 80. We see healthy short activity with the bulls still in control, thorugh bear territory. The shorts started at the $50 area and that will be the resistance to break clean over 55, which is just the 10% window above the last short. We are still bullish with the shorts feeding the squeeze. Rememeber the last shorts before that were the 60 area and those areas left behind will give us the accelaration signs we need to look for.
Green - No shorts , Happy sailing Yellow - Shorts in sight, bulls in control Red - MAaive short activity or shorts in control, inminent breakdown.