CU6 - ASX Charts, page-2288

Yeah. Hear what you are saying. I think though with CU6 we are looking at various groups of short players both pre and post 7th April shorts. For those pre 7th I have not looked too deeply other than market makers and index front runners. For those post 7th I have always considered the possibility that newly acquired shorts were largely positioning by both local and global institutions to insulate their client base from an assessed rise in risk factors. Another possibility I considered was Pairs Trading but for this to work in my scenario I was looking for evidence or innuendo that CU6 was actively engaged in acquisition mode.

Great day trading today though. Good over and above expected bounce by CU6. I expect the market to give some back tomorrow but am thinking a clearer picture of todays effort and (any) external influence may appear in days to follows when the gross and aggregates are released. With supply chains disruptions and full effect of US Q1 surge in inventories still to play out US key inflation reports over night could also be interesting. I am not sure what yet to make of State Street's recent relevant interest though. On all things charts though optimism is however showing through the stochastic set-up shown below with signs that the upward momentum is strengthening with price and the fast and slow oscillators all positively moving in the same direction.