BEARISH DATA, BEARISH BIAS Going through the What's In Play screener from @edgeful this morning, traders were able to key in immediately to a data backed bearish bias. Edgeful aggregates multiple reports based on historical probabilities and gives a clean visual of where traders should be targeting. Following along this morning, the data pointed to shorts and new lows of day, which played out into the lunch hour for a high conviction opportunity. Several of our traders on the @WOLF_TradingX livestream walked through this step by step through the entire move.

Bearish on the memory trade for the day? The T-REX 2X Inverse $DRAM Daily Target ETF, $RAMZ lets traders act on that view for a single session, seeking -2X of the Roundhill Memory ETF (DRAM)'s daily move. View the fund page and disclosures:

Bearish bets on US stocks are surging: Short interest in the S&P 500 is up to ~3.7% of its free float, near the highest in data going back to 2010. Short interest in the Russell 3000 is up to ~6.1%, also near an all-time high. Both metrics have steadily increased since the start of 2025. Furthermore, short interest across all NYSE-listed stocks rose to a record 9.0% of shares outstanding in late June. By comparison, this metric peaked at ~5.0% during the 2008 Financial Crisis and ~6.0% during the 2020 pandemic. Conditions for a short-squeeze are rising.