Over the weekend I had discussed with my subscribers the fact that we saw some very extreme readings at Friday’s close, that would be likely to produce at least a very short-term bounce on any hint of a RUMOR of good news relating to today’s -Cliff- negotiations. I don’t know how this is going to end, but a resolution to the stalemate will produce an epic short squeeze due to the massive amount of negativity present in today’s market.
Todd Mitchell is the CEO & Founder of Trading Concepts, Inc. He's been trading since 1994 and has mentored over 12,000 traders from Wall Street to Main Street. He's an expert at developing strategies for creating more consistent daily, weekly and monthly income.
Join Over 84,750 Traders Receiving Our FREE Daily Trading Videos