Will the market get a continuation of Friday’s strength?
This move would be ideal for us to short the bounce as we want to enter our short positions at the 21 exponential moving average (EMA).
The S&P 500 (SPX) has a weekly squeeze that hasn’t fired short. This weekly squeeze has the potential for 5 to 8+ weeks of downside momentum.
In the Sunday watchlist video above, we’ll lay out where we’ll look to short the move on SPX and review names with similar squeezes on TSLA, AAPL, AMZN, and GOOGL.
Stay Focused!