Today was a super controlled day in the markets. We made overbought, cleared it, than bounced. Made new overbought cleared it and than bounce. Than after finally making it into that larger chart distribution zone, we sold off and cleared the last bit of overbought 14075.75 and bounced again.
Longed before the market opened and took some points, then shorted thereafter and was sitting on drawdowns most of the morning, now covered at 4333.50, merely 41 points today, need some confidence to get my magic back.
NQ above 14247.00 sets up potential short squeeze here. So, not going to re-short this distribution zone up here. So far we wicked to top of zone though and selling off. Looks like they still selling into new buying liquidity. Keeping my eye out for squeeze setup though still.