That was the almighty cross asteroider was talking about - for all his out of this world rants i think he's on to something!
If he's right, and i tend to agree, this will be the big swap from short to long. Algo's will have detected real seller volume was drying up these levels, have pushed to point of significant resistance (many more willing buyers), so swapping sides and will now ply their same margin clipping trade (stacking each side of the spread to clip ticket on spread all way back up) - but should see noticeable change of direction now.
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