CoT: If China Doesn't Return.... Macro Bears Will Play

Down Week-

Ledge established on cusp of broken

• Day 1- long funds puke, banks/funds cover- OI implies some dip buying by longs

• Day 2- Shorts cover into long fund selling- Contracts more important than price.. china buying underneath

• Day 3- Longs sell to new longs or new shorts sell to old shorts -starts weak, retests the ledge, bounces hard, buying still t…