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Pre-close View… Squeeze played. – If, Then… Market Timing

Pre-close View… Squeeze played.

The setup is there, but not yet triggered.

1912.00 support had room below it down to 1907.00. The afternoon’s bias environment tested that room and retested it, while RSIs diverged positively. The bias environment’s exit recovered 1912.00.

Extending up to 1924.00 entered the final hour above the afternoon’s prior highs. That’s the stuff of a short-squeeze.

Not that a squeeze is required. But the market doesn’t become more vulnerable than this. Rejecting fresh lows back above prior highs is not noise — specifically during these two timing windows, and especially after having expended so much selling pressure.

Not exploiting the setup could become as bearish as it would have been bullish. And a squeeze could be very bullish.

1 Comment

  1. Josey on January 12, 2016 - 3:41 pm at 3:41 pm

    I’m thinking the same thing in gold, seems due for a good pop.