Two observations here regarding the Nasdaq 100 futures. We’re at an important prior high, and there is also excellent wave balance here right at today’s high as well. I remain committed to the view that this rally will fail soon. Of course it would have been nice to have expected a short squeeze of this size, but at any rate, I think that’s all it is and I’m not yet interested in actually trying to play for the long side because I don’t like to play into what I think are finishing moves.
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