As soon as the Weinstein 30-week indicator trended up on the 1-minute chart (first time since the start of January), price rallied by 1% and heavy call buying pushed the options premium to the bullish territory.
As a result, the indicator is trending up on the 30-minute chart for the first time since last November. I think that a squeeze is highly likely to occur over the next few days.
As a result, the indicator is trending up on the 30-minute chart for the first time since last November. I think that a squeeze is highly likely to occur over the next few days.
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