EXR Trading 2021, page-5873

I'm not expecting news. As we saw yesterday more than 8 million shares changed hands. There was never that many buyers listed on the buy side. The inference is that buyers are waiting off screen. No one wants to catch a falling knife. The best was to tell the bottom is when the price turns. My guess is that buyers watching off screen have seen the sentiment change and jumped in.

I expect some of those machine traders who have been net buyers as the price dropped will start to sell into the strength and make an easy 10%. The SP has been in the control of traders for weeks, and as long as volumes are weak they'll keep control. Expect more selling to push price down, accumulate a few million, then sell as the price strengthens.

Hopefully people can switch off and ignore the daily noise.