1. We didn't get a Sunday pump 2. CME gap already closed 3. $400m in long liqs taken already
Downside liquidity swiped first, which is what we want to happen.
We now have almost $2bn in shorts between here and $92.5k. And $13bn in shorts between here and $103k.
In terms of long liquidations we have $2.7bn down to $83.5k.
It would've been a lot more worrying had we pushed hard on Sunday, taken the short liqs first, then headed for longs after.
Take long liq first, form a higher low and begin to put in. a base heading towards FOMC and year end.
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This is actually a great start to the month.
1. We didn't get a Sunday pump
2. CME gap already closed
3. $400m in long liqs taken already
Downside liquidity swiped first, which is what we want to happen.
We now have almost $2bn in shorts between here and $92.5k. And $13bn in shorts between here and $103k.
In terms of long liquidations we have $2.7bn down to $83.5k.
It would've been a lot more worrying had we pushed hard on Sunday, taken the short liqs first, then headed for longs after.
Take long liq first, form a higher low and begin to put in. a base heading towards FOMC and year end.