Market faces systematic selling and renewed liquidity tightening

Will they puke?

Latest update on the CTA projected flows via Goldman's flow guru Scott Rubner. Downside convexity is huge. Don't forget that down also means dealers enter even shorter gamma land and will need to sell deltas, and will act as a "destabilizer" for the overall market.

Threshold levels are: st 4085, mt 4046 (the most important) and lt 4133.