Caught Shorts

Our key analysis yesterday was that laggard shorts would get the horn.

They got it from lower levels as the overnight session swooned a bit but from there, they were caught.

And the structural analysis will portray a candidate for trade of the MONTH!

Beautiful action today.   Over a 25 point range today too boot.

We expect a fresh leg higher on the heels of a massive excess tail print on the daily.

But oh these levels are lofty...  Yet sellers cannot exhibit anything but weak downside structure so we cannot out think things -- yet anyway.