November 19, 2018

Squeeze, Part Deux

In today’s video, I discuss last Friday’s squeeze pattern again.  To my amazement, the S&P 500 (as well the other indices) was crushed Monday, which brought the lower squeeze support line into play faster than I expected.

Since the Momentum Stock Room was short $FFIV, I explain how this chart pattern helped us take a partial profit in a specific stock.

 

about the author:

Dan O'Brien

Dan O’Brien has had a long, experienced career as a trader, a broker and an educator. He has a tremendous track record calling trading signals in the S&P 500 and major stock names. Dan has developed all the tools with his over 20+ years of experience in the business - top-notch technical acumen, an in-depth understanding of market fundamentals, a disciplined approach to trading and a patient style of teaching.

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