Yes, it looks that way. But, at the same time it could be setting up the other way as well.
That is what is the major problem is here. The only thing that is making sense is your word of the day.
If there is a huge accumulation here, waiting for the release, of a "possible" dillution, then the whoever is getting ready now will ride it all the way down. But, now that we have more than a few people looking at the activity here, it is rather obvious.
Now, if a dillution does not occur, a huge cover will have to be made, that is unless there is a even bigger NSS to cover the SS.
See how mitty this situation is. Raley is going to have to put the gloves on.