I fought the fed and the fed won. Dumped all of my short positions totalling about a 35% loss all. Now I sit on the sidelines and watch this insanity without the stress. I will have my finger poised on the short button as I think this rally only has a few weeks left in it.
@WTFpattern, You got caught in the Big Money short squeeze trap. They'd been signaling they were gonna try to create one last FOMO/Short Squeeze to fully milk Retail as much as possible before the crash and it worked probably even better than they'd hoped. It's a brutal market yo.
@ProfitHarvest Bingo! They didn't want the day to bounce around that line and possibly induce sellers, so what to do? Oh yeah, cause a big gap up and induce further sheep/keep sellers on sidelines. Gapping above major resistance is bearish.