They programmed you to think the market always makes sense, but this anomaly exposes the entire rigged system!
I am staring at the $SPY futures data and it is absolute chaos—both sides of the whale aisle are currently bleeding! Out of $11.16M in total positions, neither the 52 bulls (-$29K unrealized PnL) nor the 69 bears (-$33K unrealized PnL) are winning this tug-of-war. The Notional L/S Ratio is a dead-heat at 100.81%. However, the bulls are holding a bizarre 80.76% historical profitability rate versus the bears' 10.14%. I am staying hyper-vigilant here because when the heavyweights are stuck in a trap like this, a violent liquidation event is usually right around the corner.
I am staring at the $SPY futures data and it is absolute chaos—both sides of the whale aisle are currently bleeding! Out of $11.16M in total positions, neither the 52 bulls (-$29K unrealized PnL) nor the 69 bears (-$33K unrealized PnL) are winning this tug-of-war. The Notional L/S Ratio is a dead-heat at 100.81%. However, the bulls are holding a bizarre 80.76% historical profitability rate versus the bears' 10.14%. I am staying hyper-vigilant here because when the heavyweights are stuck in a trap like this, a violent liquidation event is usually right around the corner.