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The latest short squeeze continued today. The market is up 4 days in a row for the first time since June. I am not a believer in the rally but the price action is what matters. Ultimately, I think the market is still range-bound where S&P 1230 - 1250 will hold as resistance. Until that level breaks decisively this is nothing more than range-bound trading.
Tomorrow is options expiration and quadruple witching. Volatility will most likely remain. Will the market it a sweep with 5 days straight up? Stay on your toes!
Navigate wisely and stay profitable, my friends. Happy trading!
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