Markets Shrug Off Negative as Shorts Endure Squeeze
The market is overbought and will likely open even more overbought today as negative news is beginning to get ignored. Eventually, the market will pullback but not until pain is placed on the heavily-weighted short funds that were put on over the past two months.
The above is from Larry Connors’ Daily Battle Plan.
To learn more about the Daily Battle Plan, click here for more information.
Larry Connors is founder of TradingMarkets.com