Parabolic Moves-Quick Market Update

The recent afternoon short squeeze looking move is the definition of parabolic and in my view, they are never to be trusted.

We don't have any confirmation from index futures intraday...

 ES 1m

NQ 1m

TF 1m

And the NYSE intraday TICK Index, I'd be watching this carefully if you intend to try to fade this parabolic ramp, look for a move below the channel to the right.