Loading ...This kind of action in the futures market may be unprecedented. The general public doesn’t appear to be buying yet which signals a top is near. Open interest indicates the top is much further up.
Look for the rules to change soon. A default is imminent on the crimex if they don’t change the rules. This is the mother of all short squeezes.
This market has gone too far without a correction. It tried to sell off a few times but the buying was just too much. If your playing on margin, you may be front and center in a bloodbath.
Gotta eat my turkey sandwich now.
rno