According to Socionomic theory, social mood turns incredibly angry several years after a financial crash. This one is playing right up to every anticipation I’ve ever had when comparing to the panic of 1907 leading to the war.
Thursday’s position squaring window didn’t rally, and that is telling. It opened at 3:37, and only extended the narrow ranging that had begun 30 minutes earlier. Whether there weren’t many shorts still stuck from earlier, or not many will to enter short at session highs