The Peak Pain Trade Capitulation

PCTC: Are we seeing finally the capitulation and are we going to see everyone being forced to simply go bullish, even if they don't like it? That's what we're experiencing here. PCTC: I think on a relative basis, this is extremely extended or up 80 odd percent from the December or the January low. The key here though is we're approaching those 2021 highs, which are virtually just three, 400 points a higher from here.