Adding to that thesis: Even with the reaction on the news (which is normal since the news was expected), the chart looks very bulish with higher highs and higher lows.
IT IS NOT PEOPLE!!! IT IS THE MMS!!! Why don't you guys read what the SEC itself has said about the situation? Read the document in my post below. It has earth-shaking information. They control the PPS and the volume!
Market Data 
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