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RantingPatriarch

long squeeze creates bull channel

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
RantingPatriarch Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis
5
2
trendanalysis
stops were triggered at 2850 creating a scam wick which identifies the new channel
Trade active:
target generally reached, took profit and went short at 291.58. next target is bottom of the channel, roughly 288.
Comment:
but if we don't sexily touch the top of the channel, i'll take small profit on this short and re-long somewhere in the middle of the channel, the extra time spent will push the high target up to 294.
Comment:
Comment:
May 10 target is 2950. This will form a double top and cause all the noobs to panic, but infact it will just touch the bottom of the bull channel and then test 3k.

snapshot

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RantingPatriarch
Bear Trap
RantingPatriarch
A rejection of 2850 results in this
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