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Fast and Furious - Shorts Carried Out on Stretchers

Fast and furious

RSI across equity indexes has gone from extremely oversold to now hitting very overbought levels. RSI levels from the top: SPX, NDX and SOX.

Source: LSEG Workspace

Panic buying

Source: GS PB

Short pain

Source: GS PB

Gross and net

Source: GS PB

Going to 7000

Decoupling

Source: LSEG Workspace

Keep it simple

Source: Macromicro

Diminishing short gamma buying

Source: Spotgamma

Remember the death cross?

Source: LSEG Workspace
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