RE: Question about the low SP20 May 2020 21:49
Henry.
If market makers take a large order at ‘x’ SP, this needs to be accumulated over time. If the SP rises over such a time then obviously order cannot be filled at order price....
Of course you could speculate there’s someone offloading a huge wedge but given previous large volume buys, and recent news, highly likely there’s a background buyer. To add, you will observe most trades today appeared as sells... Then, suddenly, a load of buys started appearing. This often can be deemed a MM tactic (buys showing as sells) to justify keeping the SP low.
Let’s see if any large delayed buys come through, wouldn’t be surprised.