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Traders Workshop

Stock Market Classic Short Squeeze

Stock-Markets / Stock Market 2017 Dec 04, 2017 - 06:15 AM GMT

By: Anthony_Cherniawski

Stock-Markets

SPX futures have peaked higher than the Thursday haigh at 2657.74. This means Wave c of (v) isn’t finished yet. That may mean a final probe to 2670.00 to 2682.00. A possible target. Wave (v) at 1.382 times Wave (i) equals 2670.14. Wave (v) at 1.5 times Wave (i) gives a possible target of 2675..68 while Wave (v) at 1.62 times Wave (i) yields a target of 2581.18.


This appears to be a classic short squeeze which may be over quickly.

Regards,

Tony

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