Market Maker Fun Day

As I said, there's be volume on this breakdown. The bear flag breakout to the left drew in longs as they saw a bearish pattern fail. Remember, the stops and orders on the bottom of the flag had already been hit making this a Crazy Ivan trade. That breakout level also became a support level, so the longs that bought the breakout from the failed flag, all put their stops in the same place-AS ALWAYS! WILL THEY NEVER LEARN?  Look at the volume on the breakdown. For a market maker, the money here is the difference between the bid and the ask multiplied by volume. It's been a good day to be a market maker or specialist