To gain an edge, this is what you need to know now.
New Highs
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- In the Morning Capsule we wrote:
Also, keep in mind it is Friday – if the market does not pull back, a short squeeze will likely occur.
- The chart shows that when the market rose above the premarket high, classic Friday technical buying and short squeeze kicked in.
- The VUD indicator is the most sensitive measure of net supply demand in real-time. The orange represents net supply and the green represents net demand.