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Bears Remain an Unstoppable Source of Buying Power

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The short-squeeze that goaded shares higher on Tuesday was relatively mild, but that’s no reason for bears to be complacent. Let a few nervous Nellies break ranks, and in a New York minute we’d have a short-covering panic. To stay a crucial step ahead of a melt-up, traders can use the Hidden Pivot resistance points I’ve provided in the current E-Mini S&P tout. If either is decisively breached to the upside, it would be warning of a possible squeeze in the days ahead to last summer’s highs.

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