23/10 Indices, page-50

FWIW - last night was not a night MMs would need to build a long position to run lower.

We could have seen strong buying all night (was neutral btw) and seeing as 95% of all trade action over past few months is above current level, this 'buying' could have been simply shorts closing.

If was a meaningful low then you'd normally see a lot more buying behind the scenes.

Not saying I know what'll happen next but that's a pretty standard set up for a DCB (dead cat bounce).

Price starts getting above $360 and bulls can get more excited...
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