The felicitously gnarly pattern that I introduced here Wednesday night worked like a dream, signaling a huge ‘mechanical’ winner on the short side and keeping us properly skeptical for the duration of a vicious, two-day short squeeze. The clock ran out on us before the chiseled-in-stone downside target at 4478.75 could be achieved, however. It remains theoretically viable, even if not as enticing for bottom-fishing as it would have been on Friday at mid-session.
ESZ21 – December E-Mini S&P (Last:4533.25)
Posted on December 5, 2021, 5:17 pm EST
Last Updated January 2, 2022, 6:14 pm EST