Been stalking SXY for a while now ... thanks to the posters on this board , nice post from CEO today, and I always respect tui's contributions.
Recent volume speaks volumes.
The current bot trading just reeks accumulation and I will also be looking at any weakness around the 18th when the ASX200 rebalancing sees SXY being delisted there.
The lower sell volumes are being juggled daily after open and looks like capping bot activity to me so I'm confident in CEO's call today - thanks again.
If the US rallies tonight and SXY gets a bit of a move along all the moving average crossings and a significant RSI trigger may see the sp move in advance of the 18th.
Best to buy when a stock has started an upswing and we'll know that time is with us in a day or two.
Good luck all.
Signs of Bullish behaviour, page-56
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