RE: Today’s rise13 Aug 2020 23:09
The only two reasons we have been flatlining since Mundane Monday are:
- Existing IIs selling
- Yanks buying roughly the same amount.
- PIs doing the same at a lower scale.
Overall, the volumes have been extremely low so far, which made it easy to sit through the downswings.
On no further news there will be a point where existing IIs have crystallised enough gains and are no longer selling, or the yanks bought enough to satisfy their greed. Hopefully, we'll get major news before that. In normal times, any big news woudl have called for a 6-12 months wait, but covid pandemic does speed these things up to warp speed.