TRUMP COMMENT TRIGGERS MASSIVE SHORT SQUEEZE – STOCK MARKET DEEP INTO RESISTANCE ZONE; JPMORGAN WARNS OF RISKS
By Nigam Arora
To gain an edge, this is what you need to know today.
Massive Short Squeeze
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows the stock market moved from below zone 1 (resistance) to near the top band of zone 1 in one day on a massive short squeeze.
- The chart shows volume was low yesterday on the big move up.
- RSI on the chart shows the stock market is extremely overbought.
- The short squeeze was triggered by President Trump’s statement that Iran was calling to make a deal.
April 14, 2026