On this week’s edition of Moxie Indicator Minutes, TG explains that, while the market did gap down on the hot CPI number, that gap sparked a strong short squeeze all day on 10/13/22. That’s all well and good, but can it sustain? Was it a one-day wonder? If the bulls are going to have anything to work with, the subsequent pullback needs to hold, which is what we will be watching for Friday and early next week. Otherwise, it was yet another bounce in a down trend.
This video was originally broadcast on October 14, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!