We have come to the depth of hell and we start to fear....
So as we move inside the bottom of the squeeze the bulls have suffer losses at the fron line and have retreated to the support at 37. The 37 area is holding with volatility increasing and no shorts in sights as of this writting. Last shorts taken on the 9th around 46 bucks...no new shorts will come untill we breach 34 area of support. The 37 break is short trap and they did not take that bate, but they are watching eagerly to finish this off. I dont predict exiting of short positions untill we breach 39...at which point short activity will aso icrease as a part of the part of the bullish squeeze.
In brief...34 down SHORT
39 short positions being closed and the covering activities starts to intensify at the 49 to 53 range.
Green - No shorts in Sight
Yellow - Some shorts not significant to cause a flash
Red - Flash is inminent..large and continuous short activity with momentum.
Good luck..Trade carefully today..Just a thought
So as we move inside the bottom of the squeeze the bulls have suffer losses at the fron line and have retreated to the support at 37. The 37 area is holding with volatility increasing and no shorts in sights as of this writting. Last shorts taken on the 9th around 46 bucks...no new shorts will come untill we breach 34 area of support. The 37 break is short trap and they did not take that bate, but they are watching eagerly to finish this off. I dont predict exiting of short positions untill we breach 39...at which point short activity will aso icrease as a part of the part of the bullish squeeze.
In brief...34 down SHORT
39 short positions being closed and the covering activities starts to intensify at the 49 to 53 range.
Green - No shorts in Sight
Yellow - Some shorts not significant to cause a flash
Red - Flash is inminent..large and continuous short activity with momentum.
Good luck..Trade carefully today..Just a thought
