I have a squeezy feeling

7 thg 9, 2022

I think a significant break has been made in SPX over the last days, but the market loves to do one thing and then do another thing for long enough for people to forget. The break might be made but we might still see a vicious rally before the drop. Swing stops tightened to 3966 and out of day trades.

But we might be set to see this big squeeze move.


Which would be devastating for bears from around this level and even squeeze the ones into optimal levels - giving up a lot of short profit.

At this time I think it’s best to protect short profits and set swing limit orders for a retest of 4200 - 4250 zone and set pending breakout orders for if the bear continues.

If the bear move does continue it would probably be really strong. Worth entering again into the break. If the bull comes it should be intensely fierce. It’s a really bad time to be on the wrong side of either move here, be cautious.

I think the big, big trades are coming - but if a big bear move is coming, it’s chop before the drop and bull pride before the fall.

Be ready to short into the optimal level if they are presented. Do not get squeezed out.



Bull bias above 3930.

Buying some EoM calls for 4200.