What a crazy week it’s been in the market, and it’s only Tuesday!

I don’t think this volatility is going anywhere. And that’s exactly why I’m excited about a play I’m seeing right now.

What can I say… it checks a lot of boxes for me.

It has a squeeze setting up, and there’s this pattern that’s just…

Well, you’ve just gotta see it for yourself.

When you click on the image below, you’ll discover:

• Where I think this stock could be headed
• The levels I’m watching (and why they matter)
• An options play that could be juicy

YOUR ACTION PLAN

MMM’s been on a nice upward trend lately, with a beautiful earnings win to boot. Despite the market going haywire yesterday, MMM showed some real grit.

It gapped down with everything else, sure, but then it fought its way right back up into its recent consolidation zone. That’s the kind of strength I love to see.

Now, here’s where it gets interesting – we’ve got a fresh 130-minute squeeze setting up, which could be the ticket for a sweet long play.

And get this, the 78-minute squeeze initially fired short yesterday, but the momentum shifted before the day was out. That’s what we call a failed breakdown, and it’s often a bullish sign. All in all, MMM’s chart is telling quite a story right now.

(Click to enlarge)

I use my S.A.M. scanner to find setups like this.

I understand that there’s some crazy volatility in the market, and it’s important to be selective right now. But I am long MMM via call options, with a target above its post-earnings high, and a stop under $122.

For more trade ideas like this, and how I use AI to find them, click here for the details.

TESTIMONIAL TUESDAY

“+35% on META here (in 1 trading day). Got in at 7.30 out at 9.88. Thanks Nate.”
– Kirk Rydberg

“I closed the 3 Shares/Contracts I opened (on TTD) at $6.17 for $7.50. Visited New York City with a trailing stop in place and made 22% gain (in 1 trading day) for $400 while I was gone!”
– Weibelwl

“In @ 3.70 and out @ 4.50 – close to 20% on COF within an hr!”
– a747guy