Loading ...Ya it’s overbought but bullish as hell.
Still a lot of room to go in their main suppression mechanism – CME futures.
It would be nice to see a pullback in open interest today – even with higher prices – which should have been much higher absent their selling.
We get a good number Friday and some of the smaller shorts will lose their houses.
Me I don’t play the futures, so I don’t care.
Don’t use leverage and you never have a problem letting the trend do its thing.
Cheers