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Monday, August 22, 2016 8:05:46 PM
In my opinion, the HF’s that got stung by the 19th expiration resorted to an earnest short raid to minimize losses on settlement delivery (today). Normally, back to back bearish wicks that hint of tracing a lower high, would lead to a sharper sell off. However, despite their efforts, they have not been able to break the trend, as demand has emerged to absorb the selling. We’ll see what happens tomorrow now that options settlement is over.
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