$SOXL Shorting! The order book is clear—it refuses to give the long side any way out. The price is glued to the day’s low all day, staying far from the high. Worse still: the spread is as thin as paper—every bit of displayed volume is stacked on the sell side. The buy orders are so thin they can’t even fill the gaps. Every rebound gets slapped down again and again. This is a blatant distribution order book! On the contract side, the active sell orders are punching against the buy orders; the longs are still getting beaten, waiting for the waterfall! 🧊