Sucks when you get caught like that. That's why it's called a squeeze. It doesn't make any sense except that they caught a ton of people off side back in late October 23 and they won't let the pressure off until most throw in the towel...then it's likely to reverse hard. They will then blame it on whatever news happens to print that day but it will simply be the end of the squeeze (not like announcers on CNBC understand that''s what's been going on). Same thing is happening world wide....but DAX is the poster child.

If I was in that position I wouldn't go long with any STS's that are too wide. You don't want to add injury to injury by going long now and  then potentially incurring a 10% drop to the STS. But you can find ones on the list that are much tighter or wait until they are tighter then get in. That's just me. Lots of approaches possible.

Keep in mind that inflation inflates (asset prices) and it works the other way also.  We're still hot relative to target but if they trend is really down (doubtful with these spending levels but the economy is shit without Gov spending so maybe they can't keep it propped up with more and more contracts to NVDA and Google). If inflation really does cool, the market will cool also.  Today the market is betting on inflation above target (great for equity prices) and ALSO easy money incoming (also great for equity prices). If the CPI drops much further, the shit will hit the fan.