Any break below the 50 sma would then make the 50 sma the resistance just like on May 5th.
If you're Bullish,
You Don't want that.
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We saw what happened last time after the 3% short squeeze on May 4th.
Of course we expected 100% that there would be profit taking the next trading day after such a sharp chart move higher.
However the profit taking turned into a rout.
Worse days in years.
