Well that announcement seemed to arrive just at the right time, fancy that hey
Last Tuesday has definitely acted as an big absorption day, its purpose was to take out or buy as many of the trapped in longs (who wanted out) and remove any nervous shorts.
If on the Tuesday they hadn't sold or bought back (shorts) the action of this morning (gapped up) appears as though the pro money had no longer any interest in doing them a service, those trapped in longs are now resting a little easier (as they are most probably back in the money, while the ST shorts who didn't buy back are now most probably holding a loss.)
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