Aug. 15 at 2:20 PM
$INDI closed Friday at 4.71 with the ceiling at 4.74. Three cents away. Week's up 26% on expanding volume, calls getting hit hard, and here's the number that matters: 32.5% of the float is short.
A third of the float betting against a chart that just ran 26% and is knocking on its high. Monday either breaks the door down and the shorts feed it, or this was the squeeze's last push and it fades from here. No middle ground at 3 cents from the line.
Above 4.74 with volume, it's on. Red open and failing, step back, verticals unwind fast.
