We spent the hour scavenging for crumbs on a day when stocks were in a weak short-squeeze, continuing a trend begun a week earlier. The obvious play, at least in the relentlessly buoyant E-Mini S&Ps, was a ‘mechanical’ buy on any pullback to the green line. To further reduce entry risk, we considered mainly ‘counterintuitive’ set-ups. The result was not pretty, even if the trade in question went on to produce a small profit for those with infinite patience.
