From Sam, one of our members who stays on top of the Twitter-verse and various trader's blogs...
"Hi Brandt,
Wanted you to know everyone on blogs and twitter is expecting a pullback here. Most bulls are waiting to buy on the pullback and most bears are short and doubling up here."
Purely from a psychological point of view and if in fact this sentiment is reflected on the order books, then a breakout from the intraday triangle to the upside would confound longs expecting a pullback and do the same to shorts who are doubling up here as a move higher would put them at a loss as well.
Again, the caveat being this could feed on itself and create a short squeeze. It would take more firepower from Wall Street to manipulate the market in this scenario to stop a short squeeze as Fear is the most powerful sentiment/emotion in the market and the very nature of a short squeeze compounds that fear.
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