Whoever the bagholder is does not matter, what does matter is they have enough pocket to buy up everything below $284, and they did.
Long Candle hair bottoms with matched closes shows a program running to buy EVERYTHING below a marked price. Whenever you see this its a bagholder and I have never seen them not defeat the bears.
And sure enough on today's open it gapped higher. If you understand that inflation WILL BE PROTECTED at all costs that GDP will NEVER be allowed to correct there is only dip buying in this market.
Long Candle hair bottoms with matched closes shows a program running to buy EVERYTHING below a marked price. Whenever you see this its a bagholder and I have never seen them not defeat the bears.
And sure enough on today's open it gapped higher. If you understand that inflation WILL BE PROTECTED at all costs that GDP will NEVER be allowed to correct there is only dip buying in this market.