Bears Remain an Unstoppable Source of Buying Power
Tuesday, April 12, 2016 23:26
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by Rick Ackerman
RickAckerman.com
The short-squeeze that goaded shares higher on Tuesday was relatively mild, but that’s no reason for bears to be complacent.
Let a few nervous Nellies break ranks, and in a New York minute we’d have a short-covering panic. To stay a crucial step ahead of such a melt-up, traders can use the Hidden Pivot resistance points I’ve provided in the current E-Mini S&P tout.
If either is decisively breached to the upside, it would be warning of a possible squeeze in the days ahead to last summer’s highs.
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