I think it's just the usual case of everyone getting absolutely killed trying to short a one-way market.
I'm sitting on my hands. Closed an overnight short just before the 8:30 numbers, not because I thought it was going up, but because I didn't want to hold into the numbers. I've been numb and dumb ever since. Don't short this people. Do something else. Take the day off. Just don't short this.
Seems you need knowledge of all the prospective news events in order to trade on sub hourly charts. Blah, my equity curve exploded to the upside when I couldn't watch my console all day and was forced to swing trade on the dailies. Actually made it easy to let winners run. Some of you guyz have talent at this intraday stuff but not me.
I learned a long time ago to not fight DEMYTDAYBOYZ And when I ignore logic and try they usually take my money and run
Fund managers again tripping over themselves to buy stocks, they must be emotionally scarred from the huge underperformance last year.