
$Intel(INTC.US) was forced back after a whole day of ups and downs. A 5% pullback was instantly filled, turning into a short squeeze and forcing more longs. The big players are clearly flipping between long and short here. Yesterday at 81, 82, someone added short positions, otherwise the nice pullback wouldn't have just stopped abruptly. Now it's starting a new round of short squeeze. 87 is the limit for tonight's night session, and it might even be squeezed to a new high. 86 will likely be broken after-hours. If there's no pullback pre-market, it will probably break 87 during the day. The squeeze continues, and all short positions will keep getting liquidated. It's tough. Regretting not closing all positions at 81 to bet on a short-to-long reversal. Too bad I hesitated. Regretting not even closing a third to do a day trade. Too passive. Fortunately, all TQQQ short positions are closed, preparing to go long to hedge, otherwise being squeezed to the limit is no solution. Here, we can only trade time for space, endure a few months to see if there's a pullback. Might have to endure for half a year. Hard to fill the gap in the short term.
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