Further to that. It looks like from Slicks delta vol chart that perhaps many people who panic sold prior to the bottom reestablished their position on the way up. Interestingly, the actual bottom around 1.50 had way more selling volume but the price actually increased. I would take this as a bullish and trend reversal signal. Panic sells were being soaked up at what was a logical buy area on the chart(see support trend line), I was one of them buying. Someone posted a chart of institutional accumulation/distribution . I note that our recent short term rise does also coincide with a leveling out of institutional selling and in Macquarie’s case they have been accumulating recently, all be it within an overall long term selling trend. Too early to gauge if the overall Institutional trend is reversing .
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