""no buyers on $SPY... looks not good"
"who is everyone? I dont see anyone looking for pop here""
Any move initially to the upside isn't powered by buyers, yesterday wasn't, it's powered by shorts covering, it will be the same next week until we get to a sentiment swing and you'll be amazed at how fast it will swing, almost by the hour as they can't see more than an hour in front of their faces.
So far, so very good.
It's a lot like the bulls and bears saying yesterday's run was a non-starter because volume was low, "There are no buyers", EXACTLY, that has been the point since this was explained almost two weeks ago now, it has always been called a bear trap, but that is what moves price and changes sentiment and retail does all the work, Wall St. just executes the planning.
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