This latest, charmless short-squeeze began its incessant ratcheting on the opening bell, eventually negating a downtrend that had projected to 2019. In the process, it generated a bullish impulse leg on the intraday charts that suggests bears will be mildly on the ropes when regular-session trading resumes Wednesday morning. Look for DaBoyz to take the futures lower overnight, just as they did early Tuesday morning, in order to dry up selling. There is quite a bit of supply in the range 2080-2090, however, so don’t expect buyers to make much headway, even with help from on high.
