And there goes a lot of the AI infra trade

Lots of weird liquidations in final 30 across the board margin is calling

Micron $MU has closed in a $10 range for 3 straight weeks, while its traded in a $150 range for all 3 weeks https://t.co/bLv69dVGDC

Nice to hit a big one every once in a while in this slop $SPY $SPX

$CAKE reports afterhours btw

$SMH fell 17.4% in 13 sessions into Oct 22. It did the same thing into Jul 29 (-17.5%). Only other time in 2 years: April 2025. https://t.co/rilX6ed3XA

This is so slow and mechanical, not trading like anyone is covering on the short side yet

We are now past the event horizon and entering the singularity

Fast facts when $SPY volume is this low: - Extremely low volume almost always precedes drawdowns - It's not just an outlier trading day, $SPY 50-day average volume is at 40.6M, the lowest since at least 2005. - Dec '24 had the lowest 50-day avg before now, and $SPY drew down -21% over the next 5 months

Genuinely what is going on $SPY https://t.co/EQRph9gvo4