I forgot to include this in the evening post.
Anyway, I told you about the power of the CTA’s and Systemic buyers a few weeks ago. They led the short squeeze up and are 100% algo driven and are 100% momentum players, long and short.
I told you last night that the short squeeze buyers stopped covering 2 days ago.
We shall see if they turn tail and start shorting, but any further weakness and the worm will turn and they will.
Here is a good piece to check out.
See you in the morning.