Nasdaq Futures Meltup

Aug 30, 2020

Last week Nasdaq rejected breakdown out of rising wedge and went vertical breaking massive 11800 resistance. This type of short squeeze is the exact type of action that most should be terrified to play against until confirmation of reversal arrives. Simple setup to capitalize on this strength, target : 12.4k. Stop/short entry : 11.96k. Critical resistance of 12020 should be taken out into likely massive next wave of short squeeze before Monday open. Feeling highly confident about this one, but still not overexposing myself. Holding some safe positions + a couple lotto calls to maximize gains if target is hit within next 24-48 hours. ES_F SPX NDX SPY AAPL AMZN MSFT ZM