Was Fridays close a bear trap?
Nasdaq has entered the 50% to 61.8% retracement area of the 5 wave move and coming close to the previous wave 4 lows. Typically this is an area of where markets reverse. Also, volume spiked which signifies capitulation from one side or the other. Shorts need to be closed, if not done when there is selling volume that's when you get a short squeeze. Most pieces of the puzzle seem to be aligned for the completion of Minor C and Intermediate A.
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