To gain an edge, this is what you need to know now.
Resistance To Short Squeeze
Please click here for a chart of Nasdaq 100 ETF (QQQ)
Note the following:
- In the Morning Capsule, we shared with you the factors that would determine the direction of the stock market. These factors were:
- Biden
- Fed speak
- Short squeeze
- The chart shows strong moves in both directions after CPI was released.
- The momo crowd was encouraged by Biden’s remarks and bought more aggressively, giving the bulls an edge.
- The chart shows when St. Louis Fed President Bullard spoke.