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Equities · 22 September 2026
The Nasdaq Mini futures net short covered for a second straight report (25,064 contracts in the…
The Nasdaq Mini futures net short covered for a second straight report (25,064 contracts in the week to 15 September) as the Nasdaq Composite rallied to a fresh 20-day high, exhibiting the ordinary short-squeeze mechanism while the position remains near its three-year stretch extreme.
- What would prove it wrong
- If the Nasdaq Mini net short remains at or above the 85th percentile of its three-year range in the next COT report while the Nasdaq Composite closes above 28,200, the forced-seller squeeze thesis fires; if the short keeps covering toward below the 80th percentile, the read holds.
- Stated probability the thesis holds
- 58% · 15d horizon
- Status
- Later publication
A dated research thesis and its assessment. This is not portfolio performance or an investment recommendation.