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🔥🔥 SQUEEZE ALERT! This *BEAR TRAP* Might Be Biggest Short Squeeze of 2023!!
Here are the charts I mentioned in tonight's video:
Emini 60min Levels – https://prnt.sc/2nEnrDfGlOGW
Nasdaq 60min Levels – https://prnt.sc/GLg_z-0mrf-Q
Crude Oil 60min Levels – https://prnt.sc/3D81sKL7rvty
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What a move, what a day!!
Everything’s bearish after today’s massive Bull Trap sent prices racing lower…
Strong moves like these tell us that sellers will be eager to short the next decent pullback, but we’d be foolish not to prepare for (what might be) one of the biggest short squeezes of the year!
Emini and Nasdaq are bearish with strong moves down, and the key to the “easy money” tomorrow will be using “stops as fuel” for our entries!
Crude Oil is bearish too – I'm definitely looking for shorts on the next pullback, but check out this “short into long” squeeze play I'm watching!
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Chart Timeframes used in this Video:
• Emini ES = 8,000 tick
• Nasdaq = 4,000 tick
• Crude Oil = 2,000 tick
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
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