GLD Not Done Falling
By Brandon Chapman, CMT
Hey trader,
The financial sector broke today.
KRE dropped 4.3% and Wells Fargo fell 4.59% in a single session.
I know this looks like it came out of nowhere. After all, financials held up while the broader market churned sideways
The sharp drop looked like a surprise event rather than what it actually was: a setup that had been building for over a month.
That's the problem with trading on price alone.
By the time the chart confirms the move, the entry window has already closed.
For example, we saw calls being sold and puts being bought in the Ghost Prints Surveillance console:
The Ghost Prints Surveillance Console doesn't wait for price confirmation. It reads institutional order flow as it's being placed.
The Console has been flagging consistent put accumulation across financials for weeks.
And here's how I expect things to play out.
You can avoid the trade setup where most traders get trapped.
The squeeze trap. It happens when a short squeeze gets started, only to evaporate. Miserably.
A gamma squeeze play can be great. The Ghost Prints Surveillance Console lit up opportunities on KSS (375% in 13 days), PLUG (206% in 5 days), and on VFC (100% in just 24 hours).
Of course you want to find these excellent opportunities.
Along the way you need to skip over the pit of despair, the trap waiting to suck you in.
👉 Check out my latest Squeeze Traps session to see the Console in action live.
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