Zeev's Turnips Patch-No Politics (ZEEV)

[Huluriasquias]

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too many shorts,eod pops e-mini 7pts.....who else would need to urgently buy on a friday in the middle of summer?
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I have a different interpretation:

Just before 4 PM YM, ER2, ES, and NQ holders have to reduce their positions. (Not only because they might not like to hold overnight but also because the margin goes up)

The price movement is usually determined by who was "frustrated" during the day. (And how much)

Today trapped longs got frustrated as there wasn't hardly any bounce back to ease the pain. So Longs had to sell before the bell and that brought the price down. That pressure eased just after 4 PM and that's the bounce that you saw.

Just an idea,

H.