Close to dead? The big money that have been shorting the hell out of it for quite some time seem to think otherwise. Not sure i have ever seen so many shorts close in such numbers and so quickly without some known news ever. There is something big coming that the shorts expect the SP to rise from.
Im not expecting the news will be in the next week though because such huge numbers of shorts covering would be suspicious insider trading right? But 4 or 5 weeks away from now ... well.. nothing to see here.![]()
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