We might be in for another short squeeze i.e. 2019/2020
This is a demonstration on how doomer bears are always too early. Everyone knows it's supposed to crash soon, so they load up on puts and the options are too imbalanced to let it fall. Instead the puts get squeezed at options expiry and the prices flies up.
Once again we just saw a huge Head & Shoulders pattern bounce near the neckline and trap bears expecting a sell off AFTER FOMC, when the sell-off obviously started BEFORE. This was the signal that a short squeeze was coming, selling too early ahead of the event.
Once again we just saw a huge Head & Shoulders pattern bounce near the neckline and trap bears expecting a sell off AFTER FOMC, when the sell-off obviously started BEFORE. This was the signal that a short squeeze was coming, selling too early ahead of the event.
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