Love the smell of trapped bears in the morning.

Tons of shorts now trapped as short orders reach a new all time high and bear traps scooping up bears left and right. Despite the previous liquidation which was the result of obvious manipulation shorts continue to climb higher than longs. Congratulations to those that made easy profits off that last pump and dump but now we see the ramifications of a REAL short squeeze approaching.

Target is probably between 6800 - 7200 if shorts do get pressured further, will keep watching what happens.