it's on CTAs and it's Nomura so really you should just say Charlie McElligott; or maybe he's got so much clout it's a flexpic.twitter.com/ESEcI2HQF3
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which lends itself to simplistic price level interpretations like “if SPX hits 3700 then CTAs will flip to max short” like somehow 3700 is a magic level where suddenly CTA positioning will flip
in reality CTA positioning is pretty continuous wrt price moves, you don’t get massing buying or selling at particular levels
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right that makes sense. Seems out of line with (my understanding of) 'typical' practices; ie if it moved below x trend that could trigger trading, but...it also might not, and it also isn't necessarily a whipsaw but rather paring (or bolstering) positions. Hope I'm not 2 far off
Thanks. Twitter will use this to make your timeline better. UndoUndo
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