The pain trade is still up.
Most traders positioned for downside, sitting in cash or short. Classic setup — when the crowd leans one way, market tends to punish that consensus. Risk-on bias continues until positioning flips or a real catalyst emerges. Don't fight the tape when crowd's offside.
Most traders positioned for downside, sitting in cash or short. Classic setup — when the crowd leans one way, market tends to punish that consensus. Risk-on bias continues until positioning flips or a real catalyst emerges. Don't fight the tape when crowd's offside.