Another big gap up. Another P formation that is holding. This looks like the ultimate short squeeze. When will it stop? Rhetorical question.
Here’s the chart with some ideas:
I need to see some strong selling before I want to push my luck with shorts. So I’ll mainly be looking to “buy the dip”. Love that phrase & video.
Sorry no predictions, just taking it as it unfolds. I had a nice gain in the morning session so I plan to play a bit more conservatively this afternoon.