Do you think it bounces off the .041 area??? Without additional impetus. it will stay in this range .041 to .05 ish till it breaks down or breaks out. ((
Dilution is always a possibility. I am not sure about the short activity as today's short data reveals less than 25% total short volume. I still say the primary culprit were simply folks that wanted big percentage moves and jumped ship once they noted that the CC would not create that level of momentum
Regardless of the cause, we needed a solid consolidation day, and today we got it! Hoping to trade sideways for a day or so before the next leg commences.
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