Loading ...Last Fridays action and todays suggest PM’s got mugged in a bear raid only…the mkt was madly overbought and far too extended, to be able to continue, so was wide open for a raid, with enough vol to run most of the stops, which was done….
Yet today we see mkt barely moving…..if there were vast numbers of punters, we would be seeing the mkt yoyoing madly..but we don’t ….We see a mkt that has absorbed the hit and is digesting it…..