This Double Bottom Could Trigger A Massive Squeeze

A potential double bottom could trigger a massive squeeze as markets maintain their bull trend. High volatility is expected for month-end, driven by Nvidia (NVDA) and PMI data. Buying pullbacks remains the key strategy for Friday.

Markets saw a sharp selloff but remain in an overall bull trend. The current drop is viewed as a volatile pullback rather than a bearish reversal, with buyers still in control unless sellers extend the decline with sustained momentum.

For Friday’s end-of-month session, expect high volatility. Key catalysts include Chicago PMI and ongoing reactions to Nvidia (NVDA) earnings and geopolitical developments.

Overall strategy favors buying pullbacks and exploiting volatility, with quick trades and tight risk management into month-end.


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