SNXX After a four-hour surge that failed to hold, it topped out and got pushed back the moment it was reached. On the contract side, the long positions shrank by a chunk in a single day—this isn’t a washout; someone really bailed. Persistent sell orders have been pressing down on the buy side, and the large-holder long/short ratio has fallen below 70%. The crowd that was shouting about getting on board is being honest with their hands, not their mouths. This price action is suffocating me; people who chased longs at the highs are now standing on the beach where the tide has gone out. They only realize where they are when their pant legs get wet.