RE:Deterioration
Consolidation is not just possible, it's certain. Almost once per year! I don't call this the widowmaker for nothing. I'm personally looking for the door at the next pop likely. Reached my pain tolerance a long time ago and the trade is running away from me. S&P could do a fakeout above new highs. I see the possibility of a holding pattern up to a month which will kill HVU. The double whammy of contago is that now you own an overpriced future (part of why May is dropping so hard). Honestly don't have much more than that. Pretty beaten up!