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Market Becomes Exciting Again on Tuesday

The market just became exciting again!

 

By Corey Rosenbloom

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.

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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.