No podcast today as I'm currently flying back to Turdfork with MrsF. The airplane wifi is spotty at best so this is going to be a short post.
It was a nasty day of Spec liquidations and a high-volume washout of price. In case you're wondering, this is how it has been done since time immemorial. At the end of a rally...and this one dates back almost two full month and has gained about 12%...The Banks throw a roadblock at some seemingly-arbitrary number. In this case, that level was $2960 on the Apr25 contract. Once momentum eventually fades, all it takes is one big shove to start...
