This is what I'm seeing...
With every "wave" EMS went up, it needed more volume and the SP ended up lower than before.
If we have had this kind of volume last year, EMS would have gone to 15-20c without any issue.
Now it's getting harder and harder for the SP to get going. Traders AND investors pick up on this pattern and that's why we saw so much profit taking.
Can't blame them to be honest. I just don't have the balls to trade in an out :-(
