They are still trying to hold the lid on because after the 2Q released the action was initially weak. As the day progressed you really started to see the MMs apply pressure and try to dump the price meaning they are now short after filling those bids yesterday. Now they were near losing their own ass as the price moved up 30% on real volume.
It’s always easy to tell when the MMs get a hold of it because it took 8-9 million in volume in the first 20 mins to push this up 30%, then it only took about 1-2 million to drop it like a rock back to even on the day. They know what they have to do and it will always work that way. Until of course the run comes and there is no stopping it on the right news.
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