Yep. We may need a few more days to evaluate the HFT trend, whether it is a reversal, plateauing in the current range, or continuation of the beat down.
I doubt that there will be further SP beat downs but they may keep it within a certain range, in order to confuse both shorts and retail buyers with regard to direction ahead of material news.
I added yesterday around $4, not because I foresaw today's activity but the idea that Adage would let the SP go much lower than their original purchase price seems implausible.
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