#SOXL Whoever shouts that it’s up is basically delivering fuel to the big players—the whale has welded the chips on the long side. In this game, there’s only one way to go. The big players’ long/short ratio has been lifted again by nearly two tenths in seven hours; the positioning long/short ratio has been pushed to nearly three times. Seventy-four percent of positions are overwhelmingly committed to longs—far more aggressive than the average across all market accounts. The daily chart direction has already flipped to long; entering short at this point is essentially handing the ammunition right into the big players’ hands.