Last night's low-margin big pancake and second pancake trades left everyone with some tail patterns. This morning, most have taken profits and exited. The big pancake at 93600 took profits of over a thousand dollars, the second pancake at 1743 took profits of 70 dollars, four times the profit!
I also told my friends that various negative data last night caused a waterfall pullback, but once the negative news settled, it became a positive. Only with a pullback can there be better increases.