IMO there is perhaps significant short selling going on. The daily chart pattern for the past 5 or so days is a surge in s/p at opening, followed by selling around 10:00, which brings the s/p down to a loss for the day. Then around 12:0 through 2:00 ,demand enters and pushes the s/p back up to usually a small gain. Thought he shorts have not been powerful enough to cause the s/p to decline significantly, they are keeping the s/p from advancing in an upward surge. Anyone else notice this?
News will foil the shorts and any attempt to cover will empower the upward move in s/sp. If you are long and a believer do what the Reddit gang did.
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