UPDATE Feb 9
We are running
It's a squeeze
Here is the 30-minute chart. As i have drawn, the top of my channel is 436.20. Above that, I have 441.50 and up to 442. Once it breaks down out of my channel, I'm out 😉
Today looks to be a gap up day. a gap up to new all-time highs causes shorts to cover and probably cover all day if they remain under pressure. this could be a 2%+ day. BUT, anytime pressure relents, they fall quickly.
Here is the daily (sorry, it's busy). my quick numbers are
18073
18292
18571
A quick look at a big day for my 🏴☠️ today. it's on the 200 MA (yellow) it had a doji candle yesterday. Let's see if we hold. We have the rising 50 MA (green)
We are nearing an end.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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humorous Squirrel_48 : oxen
dwarrior : Today still can squeeze more
iamiamOP dwarrior: yes it can
humorous Squirrel_48 : How do you watch CLF now
iamiamOP humorous Squirrel_48: I like the bounce, but I think it's just that a bounce. I could be wrong it could grow. it is a good bounce off of support.
humorous Squirrel_48 : Where do you think the rebound will go? Are your previous target prices of 20.75 and 21.45 still valid?
iamiamOP humorous Squirrel_48: that's what I'm holding for
humorous Squirrel_48 iamiamOP: Other than you, someone else also recommended CLF to me, so I paid special attention and bought this stock when it fell yesterday. I wanted to see when it should be sold
daydayup : Thanks, iamiam! Do you think that after 436, qqq may still reach 440 and above?
iamiamOP daydayup: not without a pullback now. we had a chance to super squeeze up today, but we didn't. we just had a good day. I would expect some kind of pullback now before going for new highs.
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