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kingmidasLXIX
Apr 15, 2020 5:13 PM

Short Squeeze 101 

SPDR S&P 500 ETF TRUSTArca

Description

Short-term bullish, too much damage too quick. Long-term bearish, not pricing in the ramifications of shuttering the GLOBAL economy, & mountains of debt. Definition below for reference.

"A short squeeze is a rapid increase in the price of a stock that occurs primarily due to technical factors in the market rather than underlying fundamentals. A short squeeze can occur when there is a lack of supply and an excess of demand for the stock due to short sellers covering (liquidating) their positions."

TA x Personal Opinion = not investment advice

Comment

Will expect further upward movement from the ETF if can break above trend line. Will not short again heavily until it breaks constricting triangle or hits target.
Bullish short-term... Brrrr
Comments
elvis0288
so do you think this going up is just a short squeeze and we will continue going down?
kingmidasLXIX
@elvis0288, yes. Although the earnings will continue to be horrible this Quarter, the market is simply numb at this point. I see us going thru April, and then ultimately heading south again to the 240s at minimum.
elvis0288
@kingmidasLXIX, well i have puts for may 1st so i hope we go south to at least 255 before eom
kingmidasLXIX
@elvis0288, best of luck!
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