EliteTrader101
Long

Tight Volatility getting ready for a Squeeze higher

INDEX:SPX   S&P 500 Index
108 0 3
Lots of Buy stops are building up above as volatility and price action are getting tighter, so I am expecting a big move UP going into May. This would make sense for the "sell in May and go away" as we need a big move up in order for the strong hands to sell to the weak hands who buy at the top. Look what happened last Sept when price broke out and the strong hands sold to the weak hands
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