Today’s drop does not pose a risk of a short squeeze.

The ace shorts are all waiting for a significant rebound to re-enter.

They haven't even reached their buy-in points yet.

Right now, it’s a decline in contracts.

There’s no way to determine the specific pattern of the drop.

All we can say is, wait for the market to finish off the bulls before the drop can end.

If the bulls have already cut their losses,

then it can end now, and buying can begin.

If the bulls are deciding whether to hold their positions or add to them,

then it will continue to decline.

Now, the question arises

As a bull, did you hold your position or add to your position today?

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