That would have been the reason some of the short covered (around 0.7% of the 10%), which caused the SP to spike 15%.
I’m just showing how tightly wound the springs are right now.
Just 0.7% of 10% shorts covering caused a 15% spike. Imagine if conservatively 5-6% covered. That would extrapolate to 100% gain.
As I said. Springs very very tightly wound up. When it is let go see it rip.
That would have been the reason some of the short covered...
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