Today was the first day that I saw the shorts getting burned on their short plays.
If all go well after the FED meeting.
I would expect a lot more short squeezing coming.
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I got two 20pt shirts in the first hour and then a big one off $ES 4195 when system was rejecting at the 50SMA.
But 4145 was a key level I had and everytime we got there massive buyer came in. Then towards the EOD buyers started coming strong at 4155.
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But I think they are just keeping it range bound right here until FOMC tomorrow. Then they’ll let it go.
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I feel the shorts stayed back today, trying to change the market movement for the fed meeting. They can only play the game the exact same so many times before others catch on. They kept the 50 within reach.
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