These charts show how we most likely are just getting started in phase III. I think we have considerably further to go. But we could have a stick in the eye short squeeze at any moment from here. No telling when. What will likely spark it at this point is when shorts move to register their profits. One must buy back in order to lock in ones profits and this act triggers the short squeeze. That could happen any time and occur like a spooked cattle heard.
One can see simple analysis that this thing could just be getting started and the kick off sure was impressive dropping below that support line
Next the USD shows what could be in store:
Remember in phase III the market moves after the big caps because that’s where the liquidity is
We might be ready for a bounce….turnaround Tuesday maybe?