Don't listen to me, I've sucked at trading this squeeze market. And that's all we get right now. Looks like failure of key levels, then sudden reversals and surges. You can't really plan for those. Even on futures, we shoot through Vwap and keep going, often without retests. Blind trading much of the time right now. Or high risk in the least.
So, I think this is THE week. And I don't know what it will do. Either we go up and top off by the theoretical rate cut in June, or we take a dump to revisit the rally base.
Personally, I see no selling pressure, just lazy back testing. But entries... that's another story.
So, I think this is THE week. And I don't know what it will do. Either we go up and top off by the theoretical rate cut in June, or we take a dump to revisit the rally base.
Personally, I see no selling pressure, just lazy back testing. But entries... that's another story.
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My guess is we have a very hard and very obvious sell off, with a very hard and very strong squeeze. to finish this week way up, 5500 minimum.