A short-squeeze from Tuesday afternoon”s

A short-squeeze from Tuesday afternoon”s low would have been signaled before the final hour. But the final hour”s entry barely pierced the session low. Only after the position-squaring window closed at 3:52, did the low begin breaking lower. There isn”t a lot of weak-handed optimism available to refuel sellers from above. So, trending down further requires attracting new sponsorship. First, fresh lows can be probed, regardless. Here”s more of that discussion in Tuesday”s post-close Market Wrap recording:
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