Today's trading action- mostly robots- however still looks like they are holding the SP up and offloading carefully- the bots I noticed were massaging the bid upwards all day- Which I don't like-
The broker data suggested on the 3/3 that only retail was buying so fits in- with the theory...
Indeed it also calms the nerves of the true believers that the SP has stabilized- they immediately stop worrying and take it as a good sign -
And also continues to attract punters that think this is a potential great recovery story-
I noticed that the traders from last week that were all commenting- have now moved on- and have been replaced with a new bunch of real casino end dudes -
Nothing jumps out at me as being bullish-- smoke and mirrors imo
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