Major decision upcoming on Friday - especially for shortsellers. PPI and CPI data is around the corner. Trouble for shortsellers, because neither of those data will likely be bad. 
VIX is already in a difficult to defend position for shortseller and they'll get a double whammy on Op-Ex week. The market will squeeze shortsellers quickly in the area above Thursday's high.
Institutional had swapped chairs with retail and retail is currently bagholding shorts. Above Thursday's high is a good area to double down on longs, while shortseller should cut losses quickly.
VIX is already in a difficult to defend position for shortseller and they'll get a double whammy on Op-Ex week. The market will squeeze shortsellers quickly in the area above Thursday's high.Institutional had swapped chairs with retail and retail is currently bagholding shorts. Above Thursday's high is a good area to double down on longs, while shortseller should cut losses quickly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.