The market just became exciting again!
After a month in a well-defined sideways trading range, buyers finally won the battle against sellers, resulting in an initial breakout and now a powerful short-squeeze (breakout) in motion.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Fortunately, we have an exciting and profitable bullish breakout OUT OF our sideways trading range.
Unfortunately, we don’t have clear Fibonacci or other key price levels to use as overhead resistance (or support).
In a breakout market, a “feedback loop” occurs when bulls buy (to enter) and bears buy (to exit).
Take a moment to review yesterday’s post on “Creeper Trend Days” and add that knowledge to today’s market.